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2460 Main St Rochester, IN 46975-8031

OFF-MARKET Commercial land Google Maps
2,476 SF 0.33 ac lot Built 1947
Individually Owned Absentee Owner Free & Clear
Estimated value (blended)
$170k
Range $153k – $187k (±10%)
Property ID US31-1101611

Property summary

AI-generated overview

This exceptional 0.335-acre commercial lot, located at 2460 S Main St in Rochester, Indiana, presents a unique investment opportunity. Situated in Noble County, with a zip code of 46975, this property boasts a highly desirable location, just the second commercial lot off US 31. The property's strategic placement ensures high visibility and significant traffic exposure, benefiting from its proximity to other established commercial businesses. The lot is zoned for General Commercial use, offering considerable flexibility for a wide range of development possibilities. The APN is 25-07-93-106-117.000-009. This prime piece of land is priced competitively at $179,900, making it an attractive proposition for investors seeking a strong return. The coordinates are 41.0983022 latitude and -86.2158497 longitude. Don't miss this chance to acquire a highly visible and strategically located commercial lot in a thriving area. The exceptional location and zoning make this property ideal for a variety of commercial ventures. Act quickly, as opportunities like this are rare.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1947
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,476 SF
Lot 0.33 ac (14,375 SF)
APN 25-07-93-106-117.000-009
UPID US31-1101611

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$170k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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