15 Baldwin St Bargersville, IN 46106-9606
- Office Properties & Spaces
- 2,699 SF
- 0.07 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 15 Baldwin St
- Year built
- 1910
- Construction
- WOOD
- Lot size
- 0.07 lot acres
- Property size
- 2,699 SF
- Property type
- Office Properties & Spaces
- APN
- 41-04-35-043-014.000-039
- APU
- 410435043014000039
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $435,000
- 6.5%
- $455,000
- 7%
- $445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $375,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $405,000
- Retail
- $455,000
- Mixed-Use
- $410,000
- Hospitality
- $455,000
- Educational
- $360,000
- Residential Income
- $390,000
- Energy
- $430,000
- Income-Based Land
- $370,000
- Food Service
- $400,000
Location Insight
- Map
- Local Demand
- City
- Bargersville
- County
- Johnson
- State
- Indiana
- Longitude
- -86.167
- Latitude
- 39.5212
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA