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Property profile & analytics
OFF-MARKET
Office Spaces

15 Baldwin St Bargersville, IN 46106-9606

2,699 SF 0.07 ac lot Built 1910
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-0551706
Property summary
AI-generated overview

This exceptional 2,699-square-foot commercial property, located at 15 Baldwin Street in Bargersville, Indiana, presents a unique opportunity for a variety of businesses. Situated in the heart of downtown Bargersville's vibrant Greenwood submarket, this single-tenant space offers versatile options for retail, restaurant, traditional office, executive office, medical office, or creative office uses. The building, constructed in 1910 and boasting a newly replaced roof (September 2022), features one story and is zoned DT - Downtown Mixed Use Development. The property benefits from ample parking directly in front, excellent signage opportunities on both Baldwin Street and Harriman Avenue, and a highly visible location near popular establishments like Taxman and Pizza & Libations. Its proximity to the $9 million Kephart Park, the Bargersville Town Office, and a new downtown amphitheater further enhances its appeal. The low operating costs contribute to reduced rent, making this an attractive investment. A three-way liquor license is available, adding significant potential for certain businesses. Utilities include electric and gas heat. Note that there are no elevators. The property taxes are $0.88 per square foot. This is a rare opportunity to establish a presence in a thriving downtown area.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1910
Construction WOOD
Total area 2,699 SF
Lot 0.07 ac (3,049 SF)
APN 41-04-35-043-014.000-039
UPID US31-0551706
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
Horizon Equity Fund LLC · 3 yrs held
Horizon Equity Fund LLC
since 2022
Last sale
$375,000
5 recorded transactions
2022
$375,000
2022
Price N/A
2021
$315,000
2018
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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