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Property profile & analytics
OFF-MARKET
Hotels

2130 State Rd 67 Paragon, IN 46166

4,968 SF 1.02 ac lot Built 1971
Individually Owned 2-yr Hold Free & Clear
Property ID
US31-1777309
Property summary
AI-generated overview

This exceptional commercial property, located at 2130 S State Road 67 in Paragon, Indiana, offers nearly 5,000 square feet of versatile space on a 1.02-acre lot. Currently operating as a wedding venue, the building's adaptability makes it ideal for a wide range of businesses. Imagine the possibilities: a bustling restaurant, a convenient gas station, a multi-functional retail space, an auction house, or even a car dealership. The ample square footage and large parking lot can easily accommodate large crowds, ensuring ample space for customers and employees. The property benefits from its highly visible location directly off the heavily traveled State Road 67, guaranteeing significant traffic exposure and attracting a substantial customer base. Low taxes further enhance the property's financial appeal. The existing infrastructure provides a solid foundation for your business venture, allowing you to focus on building your dream. This is a rare opportunity to acquire a substantial commercial property in a prime location with significant potential for growth and profitability. The blank slate awaits your vision.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1971
Construction WOOD
Total area 4,968 SF
Lot 1.02 ac (44,518 SF)
APN 55-12-17-100-002.000-018
UPID US31-1777309
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ted E Smile II · 2 yrs held
Ted E Smile II
since 2023
Last sale
$117,000
3 recorded transactions
2023
Price N/A
2023
$117,000
2012
$100,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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