295 Cross St, Waveland, IN 47989
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.
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
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.