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    Property profile & analytics

    245 Main St Gas City, IN 46933-1457

    • Turn key restaurants
    • 3,610 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US31-1522512
    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

    • Indiana Prime Wrestling Academy / Wrestling School
    • Gas City Brewing Company / Brewery

    Property Details for 245 Main St

    Year built
    1920
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.07 lot acres
    Property size
    3,610 SF
    Property type
    Turn key restaurants
    APN
    27-07-34-203-264.001-018
    APU
    270734203264001018

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $290,000
      6.5%
      $295,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $330,000
      Geo Method
      $280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $340,000
      Retail
      $320,000
      Mixed-Use
      $320,000
      Hospitality
      $260,000
      Educational
      $330,000
      Residential Income
      $335,000
      Energy
      $295,000
      Income-Based Land
      $280,000
      Food Service
      $275,000

    Location Insight

    • Map
    • Local Demand
    City
    Gas City
    County
    Grant
    State
    Indiana
    Longitude
    -85.6111
    Latitude
    40.4882
    CBSA code
    31980
    CBSA name
    MARION, 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
    $3,279
    $9,700
    $115,800
    $125,500
    -
    $9,700
    $115,800
    $125,500

    Comparable in this City

    • Value Estimation
      $705,000
      3,088 SF

      716 Main St

      RESTAURANT • 3,088 SF
      716 Main St, Gas City, IN 46933-1544
      View Details
    • Value Estimation
      $315,000
      1,353 SF

      928 Main St

      RESTAURANT • 1,353 SF
      928 Main St, Gas City, IN 46933-1549
      View Details
    • Value Estimation
      $330,000
      3,120 SF

      135 Main St

      RESTAURANT • 3,120 SF
      135 Main St, Gas City, IN 46933-1462
      View Details
    • Value Estimation
      $335,000
      8,045 SF

      817 Main St

      RESTAURANT • 8,045 SF
      817 Main St, Gas City, IN 46933-1547
      View Details
    • Value Estimation by Request
      1.90 Acres

      4969 Sloan Dr

      RESTAURANT • 1.90 Acres
      4969 Sloan Dr, Gas City, IN 46933-9700
      View Details
    • Value Estimation
      $445,000
      2,870 SF

      1221 Main St

      RESTAURANT • 2,870 SF
      1221 Main St, Gas City, IN 46933
      View Details

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    • Contact for pricing
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      Gas City, IN prime commercial lots
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    • $1,487,000
      10,566 SF

      Dollar General NNN Investment Opportunity

      NNN Dollar General with corporate guaranty and zero landlord obligations.
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      1 W 500 S, North Judson, IN 46933
      View Details
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    245 Main St
    Gas City, IN 46933-1457
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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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