301 Murlin St Bicknell, IN 47512-1924
This exceptional mixed-use property, located at 301 N Murlin St, Bicknell, IN 47512, presents a remarkable investment opportunity. Boasting a substantial 6,000 square feet of space within a single-story, 1987-built structure situated on a sprawling 60-acre lot (APN: 42-08-16-406-079-000-012), this property offers unparalleled versatility. The main level features a kitchen, dining area, a large open area (30x29 ft), two half-baths, and flexible space adaptable to various uses. The lower level provides additional flexible areas and ample storage. A significant asset is the expansive two-car garage (added in 2002), offering considerable potential for diverse applications. Adding to the property's appeal is a finished loft area above the garage (39x14 ft), not included in the stated square footage. Further enhancing the property's utility is an additional garage with workspace. The property encompasses four lots, providing significant expansion possibilities. Currently vacant, this property is zoned residential, presenting a unique opportunity for creative redevelopment and diverse income streams. The asking price is $162,400.
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.