38 1st St Medora, IN 47260
This exceptional commercial property presents a unique investment opportunity in the charming town of Medora, Indiana. Situated at 38 E First Street, this all-brick building offers 2092 square feet of versatile space, ideal for a variety of businesses. The building's prime location, just off Perry Street, ensures high visibility and accessibility. The property also includes a sizable 0.36-acre vacant lot, providing ample room for expansion, additional parking, or future development. This presents a rare chance to acquire a substantial commercial property in a desirable location. The existing building's solid brick construction speaks to its durability and longevity. The property is currently available for purchase at $99,900. Given the combination of building size, land area, and location, this represents a compelling value proposition for entrepreneurs and investors alike. Serious inquiries are encouraged to schedule a viewing. Showings are by appointment only. Don't miss this chance to establish your business in this thriving 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.