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    Property profile & analytics

    116 Main St Thorntown, IN 46071-1122

    • Retail space
    • 2,312 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    $65,000
    Last Sale
    Feb 26, 2021
    $85,000
    Location Intelligence
    Property ID
    US31-1573296
    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

    • Retail space

    Property Details for 116 Main St

    Year built
    1945
    Construction
    WOOD
    Lot size
    0.03 lot acres
    Property size
    2,312 SF
    Zone code
    ZO01
    Property type
    Retail space
    APN
    06-13-35-000-007.065-015
    APU
    61335000007065015

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Thorntown
    County
    Boone
    State
    Indiana
    Longitude
    -86.6057
    Latitude
    40.1292
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    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
    $1,421
    $4,200
    $76,700
    $80,900
    -
    $4,200
    $76,700
    $80,900

    Comparable in this City

    • Value Estimation by Request
      8,772 SF

      129 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,772 SF
      129 Main St, Thorntown, IN 46071-1155
      View Details
    • Value Estimation
      $95,000
      1,660 SF

      118 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,660 SF
      118 Main St, Thorntown, IN 46071-1122
      View Details
    • Value Estimation by Request
      1,300 SF

      101 Pearl St

      RETAIL STORES (PERSONAL SERVICES) • 1,300 SF
      101 Pearl St, Thorntown, IN 46071
      View Details
    • Value Estimation by Request
      1,926 SF

      126 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,926 SF
      126 Main St, Thorntown, IN 46071-1122
      View Details
    • Value Estimation
      $225,000
      1,496 SF

      114 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,496 SF
      114 Main St, Thorntown, IN 46071-1122
      View Details
    • Value Estimation
      $400,000
      6,855 SF

      8980 State Rd 47

      RETAIL STORES (PERSONAL SERVICES) • 6,855 SF
      8980 State Rd 47, Thorntown, IN 46071-9472
      View Details

    Similar Nearby for Sale

    • $1,690,000
      3,800 SF

      Ironwood Farms: Event Venue & Farm

      Boone County, IN: 27 Acres, Event Space
      5411 Us-52, Thorntown, IN 46071
      View Details
    • $179,000
      4.00 Acres

      Thorntown Residential Land Opportunity

      4 acres of residential or recreational land near Sugar Creek.
      7001 N 1075 W, Thorntown, IN 46071
      View Details
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    116 Main St
    Thorntown, IN 46071-1122
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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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