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128 Main St Milford, IN 46542-3005

OFF-MARKET Commercial real estate Google Maps
5,025 SF 0.08 ac lot Built 1902
Entity Owned Free & Clear
Estimated value (blended)
$265k
Range $239k – $292k (±10%)
Property ID US31-1786344

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1902
Construction WOOD
Total area 5,025 SF
Lot 0.08 ac (3,586 SF)
Zoning code COMME
APN 43-03-08-200-367.000-028
UPID US31-1786344

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
  • Alternative Medicine Practice

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

Zoning & alternative use

COMME · Milford, 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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