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Property profile & analytics
OFF-MARKET
Parking lots & garages

217 Main St Princeton, IN 47670-1505

0.36 ac lot Built 1970
Individually Owned 5-yr Hold Free & Clear
Property ID
US31-2928397
Property summary
AI-generated overview

This exceptional commercial property at 217 N Main Street, Princeton, Indiana, presents a fantastic investment opportunity. The property boasts a substantial 0.67-acre lot, providing abundant parking across three lots. A covered outdoor area offers additional seating, perfect for expanding operations or creating a welcoming atmosphere. A large fenced area is ideal for hosting live music events or other outdoor activities, adding significant potential for revenue generation. The main building comprises over 3,000 square feet, featuring a versatile layout. One side currently functions as a bar area, while the other is configured as an arcade, demonstrating adaptability to various business models. The space is easily convertible to suit a wide range of commercial uses. Upstairs, an office or apartment provides additional space, potentially for management or residential use. The property's location just outside the revitalized downtown area of Princeton offers excellent visibility and accessibility. This turnkey opportunity includes an existing business, providing immediate income potential and a solid foundation for future growth. The combination of a prime location, ample space, and versatile layout makes this property an attractive investment for discerning buyers. The property's size and features offer significant potential for expansion and adaptation to meet evolving market demands. This is a rare chance to acquire a well-established business with significant growth potential in a thriving community.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1970
Lot 0.36 ac (15,645 SF)
APN 26-12-07-104-003.959-028
UPID US31-2928397
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
  • Powerhouse Bar &Grill Bar & Pub
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
Travis J Powers · 5 yrs held
Travis J Powers
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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