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    Property profile & analytics

    12520 State Rd 245 Evanston, IN 47531

    • Commercial real estate
    • 1,885 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-3024468
    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

    • Commercial real estate

    Property Details for 12520 State Rd 245

    Year built
    1962
    Construction
    CONCRETE
    Lot size
    0.11 lot acres
    Property size
    1,885 SF
    Property type
    Commercial real estate
    APN
    74-05-24-104-029.000-004
    APU
    740524104029000004

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Evanston
    County
    Spencer
    State
    Indiana
    Longitude
    -86.905
    Latitude
    38.0676

    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
    $396
    $5,000
    $22,400
    $27,400
    -
    $5,000
    $22,400
    $27,400

    Comparable in this City

    • Value Estimation by Request
      900 SF

      70 Sr

      COMMERCIAL (GENERAL) • 900 SF
      70 Sr, Evanston, IN 47531
      View Details
    • Value Estimation by Request
      1,680 SF

      11846 State Rd 545

      COMMERCIAL (GENERAL) • 1,680 SF
      11846 State Rd 545, Evanston, IN 47531
      View Details
    • Value Estimation
      $410,000
      4,800 SF

      13531 State Rd 545

      COMMERCIAL (GENERAL) • 4,800 SF
      13531 State Rd 545, Evanston, IN 47531
      View Details
    • Value Estimation by Request
      240 SF

      Sr 66

      COMMERCIAL (GENERAL) • 240 SF
      Sr 66, Evanston, IN 47531
      View Details
    • Value Estimation by Request
      2,753 SF

      545 Sr

      COMMERCIAL (GENERAL) • 2,753 SF
      545 Sr, Evanston, IN 47531
      View Details
    • Value Estimation by Request
      1,230 SF

      11581 County Rd 1050th N

      COMMERCIAL (GENERAL) • 1,230 SF
      11581 County Rd 1050th N, Evanston, IN 47531
      View Details
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    12520 State Rd 245
    Evanston, IN 47531
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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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