292 S Main St, Marengo, IN 47140
For Sale
1 / 5
This exceptional 6000 square foot property located at 292 S Main Street, Marengo, Indiana, presents a rare chance to acquire a piece of Crawford County history. Currently utilized as a workspace and equipment storage facility, the building's expansive open layout offers immense flexibility for a variety of commercial ventures. The substantial size and adaptable floor plan make it ideally suited for an automotive repair shop, leveraging the existing space for ample vehicle storage and repair bays. Alternatively, a creative entrepreneur could transform this building into a truly unique establishment. The upper level, with its exposed original brick, exquisite woodwork, and stunning windows, provides a captivating canvas for a restaurant or boutique. Imagine the charm and character of a business housed within this historic structure. The lower level offers approximately 6000 square feet of warehouse space, providing ample room for inventory, equipment, or additional business functions. The property sits on a 0.45-acre lot, offering potential for outdoor expansion or additional parking. Priced at $67,500, this is an unparalleled opportunity to own a significant piece of Marengo's heritage and create a thriving business within its walls. The building's history and substantial size present a unique investment opportunity with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.