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    OFF-MARKET
    Commercial real estate

    295 Cross St, Waveland, IN 47989

    4,662 SF 0.08 ac lot Built 1900
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Houston Investments LLC · 2 yrs held
    Houston Investments LLC
    since 2023
    5 recorded transactions
    2023
    2019
    2014
    2014
    2012
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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