4945 Iowa St Clayton, IN 46118
This exceptional mixed-use property, constructed in 2010, presents a unique investment opportunity in the thriving town of Clayton, Indiana. Located on a 0.14-acre lot at 4945 Iowa Street, this 1,120-square-foot building enjoys a highly visible main road position, ideal for retail or office use. Currently occupied by a single business, the layout offers significant potential for conversion into multiple rental units. A savvy investor could easily partition the space to accommodate three separate businesses, maximizing rental income. The building's exterior features ample space for prominent signage, ensuring high visibility and attracting potential customers. Clayton's recent economic revitalization, including the addition of new businesses and building renovations, creates a favorable market for this property. This is a rare chance to acquire a well-situated, newer building in a growing community, offering strong potential for both immediate and long-term returns. The property's versatility and prime location make it an attractive investment for those seeking a stable and potentially high-yield asset. Don't miss this chance to capitalize on the growth and potential of Clayton, Indiana.
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
Similar Nearby for Lease
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.