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    Property profile & analytics

    115 Main St Hillsboro, IN 47949

    • Retail space
    • 1,600 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-1695434
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chatterbox Cafe / American Restaurant / Breakfast Restaurant

    Property Details for 115 Main St

    Year built
    1910
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Property size
    1,600 SF
    Property type
    Retail space
    APN
    23-11-12-107-027.200-002
    APU
    231112107027200002

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Fountain
    State
    Indiana
    Longitude
    -87.1599
    Latitude
    40.1069

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $956
    $4,200
    $41,700
    $45,900
    -
    $4,200
    $41,700
    $45,900

    Comparable in this City

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      4,608 SF

      2514 Us Hwy 136

      RETAIL STORES (PERSONAL SERVICES) • 4,608 SF
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      2.78 Acres

      2572 Us Hwy 136

      RETAIL STORES (PERSONAL SERVICES) • 2.78 Acres
      2572 Us Hwy 136, Hillsboro, IN 47949
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      2,040 SF

      202 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,040 SF
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      103 Main St

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    • Value Estimation by Request
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      119 Main St

      RETAIL STORES (PERSONAL SERVICES) • 646 SF
      119 Main St, Hillsboro, IN 47949-8151
      View Details
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    115 Main St
    Hillsboro, IN 47949
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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