2155 N 700 w, Unit W Arlington, IN 46104
- Commercial real estate
- 5,808 SF
- 0.21 lot acres
Current Use by Public Records
- Arlington General Store / Convenience Store
- United States Postal Service / Logistics Service / Mailing Service
Property Details for 2155 N 700 w
- Year built
- 1902
- Construction
- WOOD
- Lot size
- 0.21 lot acres
- Property size
- 5,808 SF
- Property type
- Commercial real estate
- APN
- 70-05-24-481-020.000-006
- APU
- 700524481020000006
Description
This unique Arlington, IN property, located at 2155 N 700 W W, offers a compelling investment opportunity spanning 8,973 square feet on a 0.21-acre lot. Previously a successful restaurant and grocery store location, the building presents significant redevelopment potential. The ground floor's layout is adaptable to a variety of commercial uses, given its history as a thriving food-service establishment. The second floor provides a large, open-concept space ideally suited for conversion into residential apartments, offering a lucrative opportunity to capitalize on the growing demand for housing. The third floor features existing office space, ready for immediate occupancy or further customization to meet specific business needs. The property's size and versatile floor plan allow for a multitude of mixed-use configurations, catering to a diverse range of tenants and maximizing rental income. The strategic location in Arlington ensures high visibility and accessibility, making it an attractive proposition for both established businesses and new ventures. This property is priced at $339,000 and represents a rare chance to acquire a substantial commercial building with significant upside potential in a desirable location. The building's structure is sound, providing a solid foundation for future development and long-term investment returns. Serious inquiries are encouraged to explore the full range of possibilities this property offers.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $270,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $268,000
Market price range: $205k - $659k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $410,000 Current use
- RETAIL STORES
- $390,000 Change: -6% Conversion: Easy
- WAREHOUSE, STORAGE
- $380,000 Change: -7% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Rush
- State
- Indiana
- Longitude
- -85.5764
- Latitude
- 39.6419