302 Main St Francisco, IN 47649-9711
Exceptional opportunity awaits with this sealed-bid auction for the former Francisco Elementary School. This expansive property encompasses over 7.425 acres of land, strategically divided into three conveniently sized tracts for flexible development options. The substantial 24,000+ square foot building presents a unique canvas for adaptive reuse, offering significant potential for various commercial or residential ventures. Multiple paved parking areas, gated access, and a fully fenced lot enhance the property's security and functionality. Its prime location, just 2.5 miles west of Interstate 69, ensures excellent accessibility and visibility. The property's size and location make it ideal for a range of development projects, including residential subdivisions or commercial ventures. The auction format allows for competitive bidding and a transparent acquisition process. Detailed property inspections are scheduled for October 17th, 28th, and November 6th, providing ample opportunity for thorough due diligence. The property is located at 302 E Main St, Francisco, IN 47649, in Gibson County, and the sealed bids are due by November 7th, 2024, at 12 noon CT. This is a rare chance to acquire a significant property with substantial development potential in a desirable location. Don't miss this opportunity to transform this former school into a thriving enterprise.
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Frontier Freight Service Logistics Company
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
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.