221 Grn St Crawfordsville, IN 47933-1702
This exceptional commercial property, the former Horner's Corner Building, is situated in the heart of Crawfordsville, Indiana. The 13,435 square foot building offers nine versatile rental units, eight of which are currently under lease, generating a substantial monthly rental income of $10,400. With the potential to reach $11,800 per month at full occupancy, this property presents a compelling investment opportunity. The building features a newly blacktopped parking lot providing 49 striped parking spaces, plus an additional six covered spaces leased to a neighboring business. A significant portion of the building, 8,234 square feet, was newly constructed in 2022, while the remaining space underwent a complete renovation in 2021. This ensures modern, high-quality, and adaptable spaces for tenants. The property sits on a 0.85-acre lot and is priced at $1,515,000. This is a rare chance to acquire a key piece of Crawfordsville's thriving downtown commercial area, offering both immediate income and significant long-term potential. The combination of nearly full occupancy, recent renovations, and ample parking makes this a truly attractive investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.