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Property profile & analytics
FOR SALE
Commercial real estate

406 Day Ln Nw Depauw, IN 47115

1,350 SF 0.66 ac lot Built 2011
Individually Owned 15-yr Hold Free & Clear
Property ID
US31-1459004
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2011
Construction WOOD
Total area 1,350 SF
Lot 0.66 ac (28,750 SF)
APN 31-04-14-331-004.000-002
UPID US31-1459004
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
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
Travis Tarter · 15 yrs held
Travis Tarter
since 2010
1 recorded transaction
2010
$7,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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