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Property profile & analytics
FOR SALE
Commercial real estate

152 Pleasant Ave Marengo, IN 47170

1,928 SF 0.25 ac lot Built 1948
Entity Owned 13-yr Hold Free & Clear
Property ID
US31-2437808
Property summary
AI-generated overview

This exceptional business opportunity presents a 0.25-acre property located at 152 E Pleasant Avenue in Marengo, Indiana. The building, previously utilized by a local church for youth activities and other functions, offers significant potential for a variety of food service businesses. Its adaptable layout makes it suitable for an ice cream parlor, coffee shop, or a traditional sit-down restaurant. A convenient walk-up window is already in place, ideal for quick service and carry-out orders. The sale price is an attractive $50,000. While the building is ready for immediate occupancy, it's important to note that kitchen equipment is not included in the sale. This presents a unique opportunity for a new owner to customize the space to their specific needs and vision. The property's location in Marengo offers excellent visibility and accessibility, providing a strong foundation for a thriving business. This is a rare chance to acquire a well-situated commercial property at a highly competitive price point. Serious inquiries are encouraged to explore this promising investment opportunity further. The property is ready for a new owner to bring their entrepreneurial vision to life. Don't miss out on this chance to establish your business in a vibrant community.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1948
Construction WOOD
Total area 1,928 SF
Lot 0.25 ac (10,890 SF)
APN 13-08-06-100-229.000-007
UPID US31-2437808
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
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k
Owner & transaction history
TOWN MARENGO
TOWN MARENGO
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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