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Property profile & analytics
FOR SALE
Theaters & concert halls

1568 W Water St Borden, IN 47106

4,380 SF 3.67 ac lot Built 1955
Individually Owned 4-yr Hold Free & Clear
Property ID
US31-0901693
1568 W Water St, Borden, IN 47106 For Sale
$75,000 4,380 SF
1568 W Water St, Borden, IN 47106
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1955
Construction TYPE NOT SPECIFIED
Total area 4,380 SF
Lot 3.67 ac (159,996 SF)
APN 10-16-03-300-015.000-036
UPID US31-0901693
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
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Owner & transaction history
Stephen Whetzel · 4 yrs held
Stephen Whetzel
since 2021
Last sale
$67,000
2 recorded transactions
2021
Price N/A
2020
$67,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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