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    Property profile & analytics

    1500 Main St Mitchell, IN 47446-9400

    • Office Properties & Spaces
    • 23,607 SF
    • 2.15 lot acres
    OFF-MARKET
    Value Estimation
    $495,000
    Location Intelligence
    Property ID
    US31-2855378
    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

    • Office Properties & Spaces

    Property Details for 1500 Main St

    Year built
    1970
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.15 lot acres
    Property size
    23,607 SF
    Property type
    Office Properties & Spaces
    APN
    47-14-02-101-047.003-005
    APU
    471402101047003005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $455,000

    • CAP approach

      CAP return
      Estimation
      6%
      $680,000
      6.5%
      $620,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $705,000
      Geo Method
      $605,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $565,000
      Retail
      $635,000
      Mixed-Use
      $575,000
      Hospitality
      $645,000
      Educational
      $655,000
      Residential Income
      $685,000
      Energy
      $730,000
      Income-Based Land
      $770,000
      Food Service
      $650,000

    Location Insight

    • Map
    • Local Demand
    City
    Mitchell
    County
    Lawrence
    State
    Indiana
    Longitude
    -86.4864
    Latitude
    38.7312
    CBSA code
    13260
    CBSA name
    BEDFORD, 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
    $63
    $180,500
    $249,100
    $429,600
    -
    $180,500
    $249,100
    $429,600

    Comparable in this City

    • Value Estimation by Request
      72,922 SF

      1081 Teke Burton Dr

      OFFICE (GENERAL) • 72,922 SF
      1081 Teke Burton Dr, Mitchell, IN 47446-5397
      View Details
    • Value Estimation by Request
      223,823 SF

      1000 Bishop Blvd

      OFFICE (GENERAL) • 223,823 SF
      1000 Bishop Blvd, Mitchell, IN 47446-1080
      View Details
    • Value Estimation by Request
      1,854 SF

      533 Main St

      OFFICE (GENERAL) • 1,854 SF
      533 Main St, Mitchell, IN 47446-1410
      View Details
    • Value Estimation
      $310,000
      2,104 SF

      1217 Main St

      OFFICE (GENERAL) • 2,104 SF
      1217 Main St, Mitchell, IN 47446-1231
      View Details
    • Value Estimation
      $340,000
      2,925 SF

      61 State Rd 60th E

      OFFICE (GENERAL) • 2,925 SF
      61 State Rd 60th E, Mitchell, IN 47446-6100
      View Details
    • Value Estimation by Request
      3,022 SF

      721 Main St

      OFFICE (GENERAL) • 3,022 SF
      721 Main St, Mitchell, IN 47446-1414
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
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      Residential Land in Mitchell, IN

      Residential land for sale, ideal for building a dream home.
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      0.47 Acres

      Residential Land in Mitchell, IN

      Residential lot for building a dream home near Highway 37.
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      0.50 Acres

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      Residential land for sale, ideal for building a dream home.
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    1500 Main St
    Mitchell, IN 47446-9400
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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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