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    Property profile & analytics

    220 Mercer St Spiceland, IN 47385-9730

    • Retail space
    • 9,148 SF
    • 1.55 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 15, 2025
    Location Intelligence
    Property ID
    US31-2037012
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dollar General / Dollar Store / Convenience Store
    • Western Union / Money Transfer Service

    Property Details for 220 Mercer St

    Year built
    2020
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.55 lot acres
    Property size
    9,148 SF
    Property type
    Retail space
    APN
    33-17-17-431-459.000-026
    APU
    331717431459000026

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spiceland
    County
    Henry
    State
    Indiana
    Longitude
    -85.4349
    Latitude
    39.8315
    CBSA code
    35220
    CBSA name
    NEW CASTLE, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $22,098
    $192,100
    $787,900
    $980,000
    -
    $192,100
    $787,900
    $980,000

    Comparable in this City

    • Value Estimation
      $60,000
      1,926 SF

      102 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,926 SF
      102 Main St, Spiceland, IN 47385-9789
      View Details
    • Value Estimation by Request
      10,332 SF

      103 Main St

      RETAIL STORES (PERSONAL SERVICES) • 10,332 SF
      103 Main St, Spiceland, IN 47385
      View Details
    • Value Estimation by Request
      800 SF

      109 Pearl St

      RETAIL STORES (PERSONAL SERVICES) • 800 SF
      109 Pearl St, Spiceland, IN 47385-9504
      View Details
    • Value Estimation by Request
      7,772 SF

      6605 State Rd 3rd 3

      RETAIL STORES (PERSONAL SERVICES) • 7,772 SF
      6605 State Rd 3rd 3, Spiceland, IN 47385-9625
      View Details
    • Value Estimation
      $430,000
      10,340 SF

      221 Mercer St

      RETAIL STORES (PERSONAL SERVICES) • 10,340 SF
      221 Mercer St, Spiceland, IN 47385-9730
      View Details
    • Value Estimation by Request
      17,798 SF

      5300 State Rd 3rd 3

      CONVENIENCE STORE • 17,798 SF
      5300 State Rd 3rd 3, Spiceland, IN 47385-9621
      View Details
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    220 Mercer St
    Spiceland, IN 47385-9730
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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