422 Main St Clinton, IN 47842-2414
This exceptional commercial property, located at 422 S Main Street in Clinton, Indiana, presents a unique investment opportunity. Situated on a 0.38-acre lot, the building boasts significant versatility, currently operating as Clinton Color Crafters. The main level offers ample storage and office space, perfectly suited for a variety of businesses. A key feature is the inclusion of a residential apartment and additional offices on the second floor, providing potential for owner-occupancy or rental income. The property also includes a partially unfinished basement, offering further expansion possibilities. Convenient loading docks are located at both the rear and side of the building, ensuring efficient logistics. The roof was replaced with a new membrane in December 2018. The building is equipped with a 400-amp, 220-volt, 3-phase electrical service, ensuring sufficient power for demanding operations. Furthermore, the property features a recently inspected sprinkler system and backflow system, meeting safety standards. A satellite dish is installed on the roof. This property offers a blend of commercial and residential space, making it an ideal choice for entrepreneurs seeking a combination of workspace and living quarters, or investors looking for a multi-faceted income-generating asset. Its strategic location on SR 163 ensures high visibility and accessibility. The asking price is $165,000.
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.