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Property profile & analytics
OFF-MARKET
Retail space

114 Market St Borden, IN 47106-8917

6,640 SF 0.24 ac lot Built 1926
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US31-1519927
Property summary
AI-generated overview

This exceptional commercial property, located at 114 Market Street in Borden, Indiana, presents a remarkable investment opportunity. Situated on a highly visible section of State Highway 60, this prime retail location boasts a rich history as the former Brewer's General Store. The building, constructed in 1926, offers substantial space with approximately 5091 square feet on the first floor and an additional 1616 square feet on the second floor, providing ample room for a variety of business ventures. The property sits on a combined lot encompassing 0.2390 acres (Lot #34) and a portion of Lot #43 (63.5 x 82.5 feet), offering excellent visibility and potential for expansion. The sale includes a comprehensive inventory of retail equipment, significantly reducing start-up costs for the new owner. This equipment includes all coolers, various food preparation and pizza-making equipment, extensive shelving, and other essential retail fixtures. The high-traffic location and existing infrastructure make this a turnkey operation, ideal for an entrepreneur seeking a well-established space with significant potential for growth. The building's historic character adds unique charm and appeal, while its size and location offer unparalleled opportunities for success in the vibrant Borden market. The asking price for this exceptional property is $250,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1926
Construction WOOD
Total area 6,640 SF
Lot 0.24 ac (10,411 SF)
APN 10-16-00-300-140.000-036
UPID US31-1519927
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Shawn Michaels Mayhem INC · 8 yrs held
Shawn Michaels Mayhem INC
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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