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    Property profile & analytics

    228 Main St Tipton, IN 46072-1635

    • Theaters & concert halls
    • 27,956 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-2718319
    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

    • Kemp United Methodist Church / United Methodist Church

    Property Details for 228 Main St

    Year built
    1903
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.60 lot acres
    Property size
    27,956 SF
    Property type
    Theaters & concert halls
    APN
    80-11-11-514-037.000-002
    APU
    801111514037000002

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tipton
    County
    Tipton
    State
    Indiana
    Longitude
    -86.0418
    Latitude
    40.2846
    CBSA code
    29020
    CBSA name
    KOKOMO, IN METROPOLITAN 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
    $0.00
    $41,000
    $1,071,600
    $1,112,600
    -
    $41,000
    $1,071,600
    $1,112,600

    Comparable in this City

    • Value Estimation by Request
      58,586 SF

      Auditorium Gym Bleachers Etc

      THEATER (MOVIE) • 58,586 SF
      Auditorium Gym Bleachers Etc, Tipton, IN 46072
      View Details
    • Value Estimation
      $405,000
      6,160 SF

      137 Jefferson St, Unit 139

      THEATER (MOVIE) • 6,160 SF
      137 Jefferson St, Tipton, IN 46072-1909
      View Details
    • Value Estimation by Request
      2,646 SF

      4048 75th W

      THEATER (MOVIE) • 2,646 SF
      4048 75th W, Tipton, IN 46072-8978
      View Details
    • Value Estimation by Request
      26,323 SF

      3021 Old State Rd 28

      THEATER (MOVIE) • 26,323 SF
      3021 Old State Rd 28, Tipton, IN 46072-1155
      View Details
    • Value Estimation
      $610,000
      28,573 SF

      1381 Main St

      THEATER (MOVIE) • 28,573 SF
      1381 Main St, Tipton, IN 46072
      View Details
    • Value Estimation by Request
      4,152 SF

      229 Ml St

      THEATER (MOVIE) • 4,152 SF
      229 Ml St, Tipton, IN 46072
      View Details

    Similar Nearby for Sale

    • $3,600,000
      4.00 Acres

      In-28

      Farms • 2,623,837 SF
      0 In-28, Tipton, IN 46072
      View Details
    • New
      $35,000
      Pending

      Residential Land in Tipton County

      Residential land in Tipton, Indiana, bordered by farm fields.
      8762 W 400 South, Tipton, IN 46072
      View Details
    • $450,000
      10.00 Acres

      Tipton Land Ready For Development

      10 acres of land annexed into the city of Tipton.
      1030 E Jefferson St, Tipton, IN 46072
      View Details
    • $450,000
      10.00 Acres

      Commercial Land in Growing Tipton

      10 acres of annexed land suitable for multiple development types.
      1130 E Jefferson Hwy, Tipton, IN 46072
      View Details
    • Contact for pricing

      Highway Frontage Farmland Opportunity

      85.2 acres of farmland with highway frontage.
      600 W 600 S|, Tipton, IN 46072
      View Details
    • Contact for pricing
      137.00 Acres

      137 Acres Tipton, IN Commercial Land

      Divisible land, prime location, high traffic.
      31 And Sr 28, Tipton, IN 46072
      View Details
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    228 Main St
    Tipton, IN 46072-1635
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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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