302 Elm St Clinton, IN 47842-2314
This exceptional 0.4-acre property, located at 302 Elm Street in Clinton, Indiana, presents a unique investment opportunity. Situated on a prominent corner lot within Clinton's vibrant Business District, this former gas station offers significant redevelopment potential. The ample onsite parking provides a considerable advantage for any future business venture. The property's size and location make it ideal for a variety of commercial uses, from retail establishments to service businesses. The existing structure, while a former gas station, provides a solid foundation for renovation or demolition, depending on the chosen development plan. The substantial lot size allows for ample space for expansion or the addition of complementary structures. This property is priced competitively at $150,000, reflecting its significant upside potential. Given its prime location and considerable size, this property is poised for substantial growth and return on investment. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial property. The property is conveniently located within Clinton's Business District, offering easy access to major thoroughfares and a high volume of daily traffic. This presents a significant opportunity for businesses seeking high visibility and accessibility. The substantial lot size offers flexibility in development plans, allowing for customization to suit a variety of commercial needs. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving Indiana 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.