Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    302 Main St Francisco, IN 47649-9711

    • Office Properties & Spaces
    • 24,201 SF
    • 0.99 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 11, 2024
    Location Intelligence
    Property ID
    US31-2111019
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Frontier / Airline

    Property Details for 302 Main St

    Year built
    1980
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.99 lot acres
    Property size
    24,201 SF
    Property type
    Office Properties & Spaces
    APN
    26-13-20-101-000.031-005
    APU
    261320101000031005

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Francisco
    County
    Gibson
    State
    Indiana
    Longitude
    -87.4425
    Latitude
    38.3324
    CBSA code
    21780
    CBSA name
    EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,005 SF

      308 Main St

      OFFICE (GENERAL) • 1,005 SF
      308 Main St, Francisco, IN 47649-9998
      View Details
    • Value Estimation by Request
      4,032 SF

      6793 550th S

      OFFICE (GENERAL) • 4,032 SF
      6793 550th S, Francisco, IN 47649-9137
      View Details
    • Value Estimation
      $410,000
      1,056 SF

      200 Wood St

      OFFICE (GENERAL) • 1,056 SF
      200 Wood St, Francisco, IN 47649
      View Details
    • Value Estimation by Request
      2,744 SF

      7751 550th S

      OFFICE (GENERAL) • 2,744 SF
      7751 550th S, Francisco, IN 47649-9129
      View Details
    • Value Estimation by Request
      8,242 SF

      102 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 8,242 SF
      102 Main St, Francisco, IN 47649
      View Details
    • Value Estimation
      $340,000
      1,400 SF

      3743 State Rd 64

      COMMERCIAL (GENERAL) • 1,400 SF
      3743 State Rd 64, Francisco, IN 47649-9015
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    302 Main St
    Francisco, IN 47649-9711
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.