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    Property profile & analytics

    12 Main St Fortville, IN 46040-1315

    • Retail space
    • 4,656 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Location Intelligence
    Property ID
    US31-1162020
    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

    • UpCycled Interiors / Upholstery Shop
    • Outré Mercantile / Home Goods Store
    • Checkered Flag Insurance Co. - A Firefly Agency / Insurance Agency
    • Northwest Fortville - David Weekley Homes / Home Builder
    • Intratech Park / Commercial Real Estate Agency / Apartment Building

    Property Details for 12 Main St

    Year built
    1890
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Property size
    4,656 SF
    Property type
    Retail space
    APN
    30-02-09-410-021.000-017
    APU
    300209410021000017

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $285,000
      6.5%
      $280,000
      7%
      $265,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $280,000
      Geo Method
      $285,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $315,000
      Retail
      $360,000
      Mixed-Use
      $280,000
      Hospitality
      $315,000
      Educational
      $335,000
      Residential Income
      $310,000
      Energy
      $265,000
      Income-Based Land
      $265,000
      Food Service
      $300,000

    Location Insight

    • Map
    • Local Demand
    City
    Fortville
    County
    Hancock
    State
    Indiana
    Longitude
    -85.8498
    Latitude
    39.9336
    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
    $4,154
    $30,000
    $102,400
    $132,400
    -
    $30,000
    $102,400
    $132,400

    Comparable in this City

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      67 Sr

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      3,600 SF

      950 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
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      10,274 SF

      29 Main St

      RETAIL STORES (PERSONAL SERVICES) • 10,274 SF
      29 Main St, Fortville, IN 46040-1316
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    • Value Estimation
      $310,000
      2,800 SF

      14 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      14 Main St, Fortville, IN 46040-1315
      View Details
    • Value Estimation by Request
      2,856 SF

      9654 Fortville Pike

      RETAIL STORES (PERSONAL SERVICES) • 2,856 SF
      9654 Fortville Pike, Fortville, IN 46040
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

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      Retail space in a high-growth area near Geist Reservoir.
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    • Contact for pricing
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      Newly renovated retail space available for sale or lease.
      135 E Broadway St, Fortville, IN 46040
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    • $899,000
      14,343 SF

      Established Retail Opportunity in Fortville

      14,000+ SF retail property with redevelopment potential in Fortville.
      624 N Madison St, Fortville, IN 46040
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      Fortville Commercial Lot For Sale

      0.73 acre lot in the heart of Fortville, Indiana.
      414 W Garden St, Fortville, IN 46040
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    • Contact for pricing
      0.73 Acres

      Fortville Commercial Land - .73 Acres

      Prime .73-acre commercial lot in downtown Fortville.
      414 Garden St, Fortville, IN 46040
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    Similar Nearby for Lease

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    • $18 SF/Yr
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      Prime Fortville retail/restaurant opportunity.
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    • $10 SF/Yr
      25,000 SF

      Industrial Space in Fortville

      Multi-tenant industrial property with manufacturing facility and extra space.
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    • Contact for pricing
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      Fortville Industrial Space For Lease

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      3103 W 1000 N, Fortville, IN 46040
      View Details
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    12 Main St
    Fortville, IN 46040-1315
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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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