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    Property profile & analytics

    240 Kellner Blvd Rensselaer, IN 47978-2626

    • Grocery and convenience stores
    • 8,090 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimation
    $395,000
    Last Sale
    Aug 22, 2024
    Location Intelligence
    Property ID
    US31-2094862
    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

    • Grocery and convenience stores

    Property Details for 240 Kellner Blvd

    Year built
    1949
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.77 lot acres
    Property size
    8,090 SF
    Zone code
    BUFF
    Property type
    Grocery and convenience stores
    APN
    37-07-30-005-017.155-027
    APU
    370730005017155027

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rensselaer
    County
    Jasper
    State
    Indiana
    Longitude
    -87.1537
    Latitude
    40.9366
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI 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
    $2,385
    $43,400
    $151,900
    $195,300
    -
    $43,400
    $151,900
    $195,300

    Comparable in this City

    • Value Estimation by Request
      55,700 SF

      861 College Ave

      GROCERY, SUPERMARKET • 55,700 SF
      861 College Ave, Rensselaer, IN 47978-3055
      View Details
    • Value Estimation by Request
      2,266 SF

      754 College Ave

      CONVENIENCE STORE • 2,266 SF
      754 College Ave, Rensselaer, IN 47978-3083
      View Details
    • Value Estimation by Request
      2,720 SF

      701 Mckinley Ave

      CONVENIENCE STORE • 2,720 SF
      701 Mckinley Ave, Rensselaer, IN 47978-2049
      View Details
    • Value Estimation by Request
      5,740 SF

      9435 State Rd 114

      CONVENIENCE STORE • 5,740 SF
      9435 State Rd 114, Rensselaer, IN 47978-8842
      View Details
    • Value Estimation
      $345,000
      1,450 SF

      304 Washington St

      CONVENIENCE STORE • 1,450 SF
      304 Washington St, Rensselaer, IN 47978-2824
      View Details
    • Value Estimation by Request
      3,036 SF

      8805 State Rd 114

      CONVENIENCE STORE • 3,036 SF
      8805 State Rd 114, Rensselaer, IN 47978-8812
      View Details

    Similar Nearby for Sale

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      Well-maintained commercial space perfect for a small business venture.
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      Rensselaer Retail/Auto Sales Opportunity

      Established auto sales business with highway frontage and development potential.
      1105 N Mckinley Ave N, Rensselaer, IN 47978
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    • $140,000
      0.52 Acres

      Rensselaer Corner Development Site

      0.52 AC corner lot suitable for retail or QSR.
      1015 N Mckinley Ave, Rensselaer, IN 47978
      View Details
    • Contact for pricing
      0.52 Acres

      Residential Land in Sherwood Forest

      Half-acre lot with mature trees, ideal for building a home.
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    • $179,900
      0.06 Acres

      Established Downtown Rensselaer Cafe

      Turnkey Restaurant w/Office Space
      112 Van Rensselaer St, Rensselaer, IN 47978
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,880 SF

      Grocery Anchored Shopping Center

      Retail space in Rensselaer's College Square Plaza.
      396-732 S College Ave, Rensselaer, IN 47978
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center

      Prime retail space in Rensselaer's College Square Plaza.
      South College Ave, Rensselaer, IN 47978
      View Details
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    240 Kellner Blvd
    Rensselaer, IN 47978-2626
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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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