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Property profile & analytics
OFF-MARKET
Commercial real estate

319 Bolles St Brownstown, IN 47220-1105

2,304 SF 0.6 ac lot Built 2002
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US31-2154529
Property summary
AI-generated overview

This exceptional commercial property located at 319 N Bolles Street, Brownstown, Indiana, presents a unique investment opportunity. The 2,304 square foot building, constructed in 2002, sits on a sizable 0.6-acre lot, offering ample space for a variety of uses. Previously utilized as a tanning salon, the property is turnkey for a similar business, with the current owner willing to leave all existing equipment in place. This presents a significant advantage for a buyer looking to minimize initial setup costs and quickly commence operations. The versatile layout is well-suited for a range of commercial ventures, beyond its previous use. The building's solid construction and ample lot size provide significant potential for expansion or modification to meet specific business needs. A compelling aspect of this offering is the seller's willingness to provide owner financing, making this property accessible to a broader range of buyers. This attractive financing option, coupled with the property's existing features and potential, makes this a highly desirable investment opportunity in the thriving Brownstown market. Serious inquiries are encouraged to explore this exceptional commercial property further. The asking price is $100,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2002
Construction WOOD
Total area 2,304 SF
Lot 0.6 ac (26,136 SF)
APN 36-54-11-300-007.000-002
UPID US31-2154529
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • E Z Tan Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Klrb Properties LLC · 2 yrs held
Klrb Properties LLC
since 2024
6 recorded transactions
2024
Price N/A
2022
Price N/A
2022
Price N/A
2019
$70,000
2019
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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