Property profile

120 Main St Goshen, IN 46526

OFF-MARKET
Retail space
Property ID
US31-0727690
29,370 SF 0.33 ac lot Built 1977
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 29,370 square foot commercial building presents a remarkable opportunity in the heart of Goshen, Indiana. Located directly across from the historic courthouse on North Main Street, this property enjoys unparalleled visibility and foot traffic in a thriving downtown area. The building is currently available for sale or lease, offering significant potential for a wide range of businesses. Recent improvements include a brand-new roof and updated exterior drainage systems, ensuring a sound investment with minimal immediate maintenance needs. The interior is adaptable and the owner is willing to customize the space to meet the specific requirements of a prospective tenant or buyer. This prime location offers easy access to major transportation routes, providing convenient access to both Chicago and Ohio, attracting a diverse customer base. The property's position within the bustling downtown area also allows for participation in the popular monthly First Fridays events, further enhancing its appeal and potential for success. The 0.33-acre lot provides ample space for potential expansion or outdoor amenities. This is an exceptional opportunity to establish a thriving business in a vibrant and growing community. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1977
Construction WOOD
Total area 29,370 SF
Lot 0.33 ac (14,462 SF)
Zoning code ZO01
APN 20-11-09-405-007.000-015
UPID US31-0727690

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Clothing & Fashion Store

Location

120 Main St Goshen, IN 46526-3204
Goshen metro Census 100 ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2021
Last sale
$315,000
3 recorded transactions
2021
$315,000
2016
Price N/A
2010
Price N/A

Zoning & alternative use

ZO01 · Goshen, IN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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