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Property profile & analytics
OFF-MARKET
Office Spaces

501 Market St Charlestown, IN 47111-1445

1,269 SF 0.28 ac lot Built 1950
Entity Owned 2-yr Hold Free & Clear
Property ID
US31-2149215
Property summary
AI-generated overview

This exceptional commercial property, located at 501 Market Street in Charlestown, Indiana, presents a lucrative investment opportunity. Situated on a 0.26-acre lot directly on the four-lane Highway 3 (Market Street), this office building benefits from high visibility and easy access. Its advantageous position adjacent to Charlestown Park provides a desirable setting for a variety of businesses. Currently leased to a reliable tenant, this property offers immediate and consistent rental income. The existing lease agreement ensures a secure return on investment until April 30, 2025. This provides a substantial period of guaranteed income for the new owner, minimizing risk and maximizing potential returns. Charlestown is experiencing significant growth, creating a thriving business environment. This property's location within this dynamic city makes it an attractive investment for both established businesses and savvy investors seeking a strong return. The property's size, while not specified in square footage, offers a substantial space for a variety of commercial uses, capitalizing on the high traffic volume of Market Street and the proximity to Charlestown Park. This is a rare opportunity to acquire a well-situated, income-generating commercial property in a rapidly developing area. Don't miss this chance to add a valuable asset to your portfolio.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1950
Construction TYPE NOT SPECIFIED
Total area 1,269 SF
Lot 0.28 ac (12,160 SF)
APN 10-18-11-700-196.000-004
UPID US31-2149215
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
Current use
Occupant on record · Public records
  • H&R Block Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
City Of Charlestown · 2 yrs held
City Of Charlestown
since 2024
3 recorded transactions
2024
Price N/A
2022
Price N/A
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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