1200 Main St Paoli, IN 47454-1049
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).
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.