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Property profile & analytics
OFF-MARKET
Retail space

179 Gardner St Scottsburg, IN 47170-1125

2,070 SF 0.26 ac lot Built 1945
Entity Owned 4-yr Hold Free & Clear
Property ID
US31-1032882
Property summary
AI-generated overview

This exceptional 2,070 square foot retail building is situated on a 0.25-acre lot in the heart of Scottsburg, Indiana, at 179 S Gardner Street. Currently generating strong rental income from three established businesses, this property presents a compelling investment opportunity. The building boasts a ten-year-old roof, ensuring long-term durability and minimizing immediate maintenance needs. The current tenants include a hair salon, a gift shop, and a medical office (A1-Med), paying monthly rents of $800, $500, and $1000 respectively, providing a consistent cash flow. A central HVAC system efficiently serves the entire building. The property's versatile layout allows for continued multi-tenant occupancy or can be easily renovated into a single, open floor plan to suit a variety of uses. Convenient internal amenities include a kitchen and two bathrooms. This prime Scottsburg location offers excellent visibility and accessibility, making it an ideal investment for both seasoned and new commercial property owners. The property is priced at $234,900, representing a significant return on investment. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a thriving Indiana community.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1945
Construction WOOD
Total area 2,070 SF
Lot 0.26 ac (11,186 SF)
APN 72-05-19-410-039.000-008
UPID US31-1032882
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
Current use
Occupant on record · Public records
  • All-Med First Aid & Safety Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Vision Property Management LLC · 4 yrs held
Vision Property Management LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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