1568 W Water St Borden, IN 47106
For Sale
This 3.67-acre commercial property, situated on Highway 60 just outside Borden, Indiana, presents a unique investment opportunity. The existing building, previously used as both office space for a trucking company and a church, offers significant adaptability. The property features a substantial concrete base and floor, ideally suited for the construction of a shop or warehouse. A pre-existing loading dock is conveniently located at the rear of the building, enhancing logistical efficiency. The property's zoning allows for a wide range of uses, including trucking, construction, multi-family housing, religious institutions, and retail businesses. This flexibility makes it an attractive prospect for diverse entrepreneurial ventures. The building's history demonstrates its suitability for various purposes, offering a solid foundation for future development. The property's highway frontage ensures high visibility and accessibility, a key advantage for any commercial enterprise. Note that an additional 9 acres of land, including two rental homes, are available for purchase separately (see MLS 202005310), presenting a potential expansion opportunity for the right buyer. This prime location and versatile property offer significant potential for substantial return on investment. The asking price is $75,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.