406 Day Ln Nw Depauw, IN 47115
For Sale
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This exceptional business opportunity in Depauw, Indiana, presents a well-established auto repair shop situated on a 0.72-acre lot just off State Road 64, offering excellent visibility. The main building, a sturdy all-metal structure measuring 30 feet by 45 feet, boasts a double-insulated roof, concrete floors, and three spacious bays (15x30, 15x30, and 15x20). Included in the sale is a newer 10,000-pound electric lift and a large air compressor, essential tools for any auto repair business. The shop also features a convenient office space and bathroom facilities, ensuring comfort and efficiency for both staff and clients. Heating is provided by a natural gas furnace. Adding to the property's versatility is a second metal building, 20 feet by 30 feet, equipped with an overhead door and built-in shelving, ideal for additional storage or potential conversion to another use. A substantial poured concrete pad (18x21) near the main building provides further space for expansion or additional parking. The ample 0.72-acre lot offers significant room for growth and future development. This property is listed below appraised value, presenting a compelling investment opportunity. The location, just outside Milltown in Harrison County, provides easy access to State Road 64, ensuring high visibility and convenient access for customers. Don't miss this chance to acquire a well-equipped and strategically located business property.
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.