You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Warehouses

227 Water St Borden, IN 47106-8810

2,500 SF 0.4 ac lot Built 1955
Entity Owned 3-yr Hold Free & Clear
Property ID
US31-2241732
Property summary
AI-generated overview

This exceptional commercial property, located at 227 Water Street in Borden, Indiana, presents a unique investment opportunity. The building boasts a total of 2500 square feet situated on a half-acre lot, offering ample space and significant parking. A recent remodel in 2018 ensures modern functionality. The property includes a 700-square-foot office area, complete with a half-bath and ductless HVAC system, currently available for lease at $750 per month, potentially including a utility allowance. The remaining space provides versatile storage options. The building's design allows for easy divisibility, catering to a range of commercial uses including retail, office space, storage, or even light industrial/mechanical applications. Its convenient location offers excellent highway road frontage, ensuring high visibility and accessibility. Utilities are readily available through Borden Tri-County Water, Borden Sewer, and Duke Energy. The seller is open to leasing the entire building, providing flexibility for potential buyers or tenants. This property is ideal for entrepreneurs seeking a well-maintained space with significant potential in a scenic, thriving community. The combination of its size, location, and recent renovations makes this an attractive investment opportunity.

Property profile
Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 1955
Construction TYPE NOT SPECIFIED
Total area 2,500 SF
Lot 0.4 ac (17,424 SF)
APN 10-16-00-300-459.000-036
UPID US31-2241732
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Wingler Ventures LLC · 3 yrs held
Wingler Ventures LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 227 Water St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message