Technical
Financial
Distress signals
Property profile

204-206 E 3Rd St Brookston, IN 47923

FOR LEASE
Retail space
Property ID
US31-1936139
3,456 SF 0.09 ac lot Built 1934
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 204-206 E Third Street in Brookston, Indiana, presents a rare opportunity for retail businesses seeking versatile space. Situated in White County, this property offers two available retail spaces within a larger building, totaling four suites in all. The available spaces range in size from a generous 1,074 square feet to a substantial 2,516 square feet, providing flexibility for various business needs. The building itself boasts an attractive industrial style, making it suitable for a range of uses, including retail, office, or even light industrial operations. The property's location in Brookston, Indiana, 47923, offers excellent visibility and accessibility for customers. The property is classified as both retail and land, suggesting potential for expansion or further development. This is an ideal opportunity for businesses looking to establish or expand their presence in a thriving community. The multiple tenancy structure allows for diverse business combinations within the building. With its adaptable design and prime location, this property is poised for success. Contact us today to learn more about this exciting opportunity and schedule a viewing.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1934
Construction WOOD
Total area 3,456 SF
Lot 0.09 ac (4,000 SF)
APN 91-54-22-000-043.001-016
UPID US31-1936139

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

204-206 E 3Rd St Brookston, IN 47923
Brookston metro Census 958800
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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