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295 Cross St Waveland, IN 47989

OFF-MARKET Commercial real estate Google Maps
4,662 SF 0.08 ac lot Built 1900
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$220k
Range $198k – $242k (±10%)
Property ID US31-1559535

Property summary

AI-generated overview

This exceptional mixed-use property located at 295 N Cross Street, Waveland, Indiana, presents a unique investment opportunity. The building encompasses a generous 2,394 square feet and sits on a conveniently sized 0.08-acre lot. The upper level features three one-bedroom, one-bathroom apartments, providing immediate rental income. One apartment is currently occupied by a tenant, ensuring a steady cash flow from the outset. The main level offers a blank canvas, perfect for a variety of commercial ventures, allowing you to customize the space to maximize your return on investment. The possibilities are endless, from retail to office space, or even expanding the residential component. Ample parking is available at the rear of the building, providing convenient access for tenants and guests. The property's strategic location near state parks and campgrounds offers significant potential for attracting renters and customers, capitalizing on the area's recreational tourism. This is a rare chance to acquire a versatile property with immediate income and significant upside potential in a desirable location. The asking price is $145,000. Don't miss this chance to secure a profitable investment in a thriving community.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Construction WOOD
Total area 4,662 SF
Lot 0.08 ac (3,354 SF)
APN 54-13-36-221-045.000-006
UPID US31-1559535

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
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2019
Price N/A
2014
Price N/A
2014
Price N/A
2012
Price N/A

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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