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Property profile & analytics
OFF-MARKET
Retail space

115 Main St Hillsboro, IN 47949

1,600 SF 0.06 ac lot Built 1910
Individually Owned Free & Clear
Property ID
US31-1695434
Property summary
AI-generated overview

This exceptional 1,600 square foot commercial property located at 115 E Main Street in the charming town of Hillsboro, Indiana, presents a unique opportunity for a discerning entrepreneur. Priced at $195,000, this turnkey business boasts a prime location on Main Street, ensuring high visibility and convenient access for customers. The property sits on a 0.06-acre lot, providing ample on-street parking for patrons and a small, additional parking area in the rear. The building itself offers 1,600 square feet of versatile space, ideal for a variety of business ventures. The existing infrastructure and established success make this a truly exceptional opportunity to own and operate a thriving business in a desirable small-town setting. The property's location on Main Street offers excellent foot traffic and visibility, while the small back lot provides additional convenience for both customers and business operations. This is a rare chance to acquire a well-situated, ready-to-go business property in a community known for its friendly atmosphere and strong sense of community. The property is categorized as "Other," allowing for a wide range of potential uses, subject to local zoning regulations. Don't miss this chance to establish your business in a thriving small town environment. Serious inquiries only.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Construction WOOD
Total area 1,600 SF
Lot 0.06 ac (2,640 SF)
APN 23-11-12-107-027.200-002
UPID US31-1695434
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
Current use
Occupant on record · Public records
  • Chatterbox Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
ROBERT A GROSS
ROBERT A GROSS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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