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Property profile & analytics
OFF-MARKET
Showrooms

1200 Main St Paoli, IN 47454-1049

6,885 SF 5.79 ac lot Built 1979
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US31-2931636
Property summary
AI-generated overview

This exceptional investment opportunity encompasses a substantial 6-acre parcel situated on West Main Street/US-150 in Paoli, Indiana, boasting over 225 feet of prime road frontage. The property features seven buildings, offering a significant amount of versatile space ideal for various commercial uses. Building #1, a former mill, is a metal-sided pole building measuring approximately 114 feet long, 45 feet wide, and 12 feet high. It features a concrete floor, six sliding doors, insulation, and a 2012 roof. Additional structures include a 3300 square foot pole building (Building #2), a 1215 square foot pole building (Building #3), a 1990 square foot building housing dry kilns (Building #4), a 1400 square foot storage shed (Building #5), a 1215 square foot former boiler building with an office (Building #6), and a 290 square foot open shed (Building #7). The majority of the acreage is open, with approximately two acres of wooded land on the northern side. The substantial square footage under roof makes this property exceptionally well-suited for general warehousing, equipment storage, RV storage, or similar uses. The property is zoned Highway Commercial. This offering presents a unique opportunity to acquire a significant industrial property, either independently or in conjunction with adjacent tracts (1514 W Main St. and 1313 W Main St., sold separately).

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1979
Construction WOOD
Total area 6,885 SF
Lot 5.79 ac (252,082 SF)
APN 59-11-02-100-047.000-012
UPID US31-2931636
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Morgans Auto Salvage LLC · 5 yrs held
Morgans Auto Salvage LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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