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    Property profile & analytics

    128 S Main St Milford, IN 46542

    • Commercial real estate
    • 5,025 SF
    • 0.08 lot acres
    For Sale
    View listing
    $79,900
    Value Estimation
    Location Intelligence
    Property ID
    US31-1786344
    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

    • Indiana Hypnosis Center / Hypnotherapy Service

    Property Details for 128 S Main St

    Year built
    1902
    Construction
    WOOD
    Lot size
    0.08 lot acres
    Property size
    5,025 SF
    Zone code
    COMME
    Property type
    Commercial real estate
    APN
    43-03-08-200-367.000-028
    APU
    430308200367000028

    Description

    This exceptional commercial property located at 128 S Main Street in Milford, Indiana, presents a unique investment opportunity. Situated on a 0.08-acre lot, the building offers significant potential for a variety of commercial uses. Its flexible layout allows for customization to suit diverse business needs. A key feature is the inclusion of two upper-level apartments, providing additional income streams or potential for owner-occupied use. The building's central location in downtown Milford ensures high visibility and accessibility, placing it within easy reach of the community's residents and businesses. While requiring some updating and improvements, this property offers a substantial return on investment for the right buyer. The asking price is $89,900, representing a compelling entry point into the Milford commercial real estate market. The building's solid structure provides a strong foundation for future development and adaptation. Its prime location and versatile design make it an attractive prospect for both established businesses seeking expansion and new ventures looking for a foothold in a vibrant community. The potential for rental income from the apartments further enhances the overall profitability of this investment. Serious inquiries are encouraged to explore the possibilities this property offers. The property's size and location make it ideal for a variety of commercial uses, from retail to office space, and the apartments offer additional income potential. This is a chance to acquire a well-positioned commercial property in a growing Indiana town.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Kosciusko
    State
    Indiana
    Longitude
    -85.8456
    Latitude
    41.4089
    CBSA code
    47700
    CBSA name
    WARSAW, IN MICROPOLITAN 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
    $1,973
    $6,100
    $104,200
    $110,300
    -
    $6,100
    $104,200
    $110,300

    Comparable in this City

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      303 James St

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      303 James St, Milford, IN 46542-9406
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      6,750 SF

      105 Emeline St

      COMMERCIAL (GENERAL) • 6,750 SF
      105 Emeline St, Milford, IN 46542-9343
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      301 James St

      COMMERCIAL (GENERAL)
      301 James St, Milford, IN 46542
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      4,000 SF

      308 Higbee St

      SHOW ROOM, WAREHOUSE • 4,000 SF
      308 Higbee St, Milford, IN 46542
      View Details

    Similar Nearby for Sale

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      Commercial Building in Milford, Indiana

      Commercial building with two apartments in thriving Milford, Indiana.
      128 S Main St, Milford, IN 46542
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    • $330,000
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      Corner Parcel in TruePoint TIF

      10.95-acre corner parcel with high traffic and visibility.
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    128 S Main St
    Milford, IN 46542
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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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