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    Property profile & analytics

    505 Water St Union Mills, IN 46382-7005

    • Retail space
    • 2,142 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 18, 2024
    Location Intelligence
    Property ID
    US31-2757389
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 505 Water St

    Year built
    1901
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    2,142 SF
    Property type
    Retail space
    APN
    46-14-09-352-005.000-056
    APU
    461409352005000056

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Union Mills
    County
    Laporte
    State
    Indiana
    Longitude
    -86.7771
    Latitude
    41.4931
    CBSA code
    33140
    CBSA name
    MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,390
    $15,300
    $50,200
    $65,500
    -
    $15,300
    $50,200
    $65,500

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      603 Water St

      RESTAURANT • 0.04 Acres
      603 Water St, Union Mills, IN 46382
      View Details
    • Value Estimation by Request
      6,240 SF

      Ww 800th Ss

      AUTO REPAIR, GARAGE • 6,240 SF
      Ww 800th Ss, Union Mills, IN 46382
      View Details
    • Value Estimation by Request
      2,880 SF

      102 Railroad St

      PARKING GARAGE, PARKING STRUCTURE • 2,880 SF
      102 Railroad St, Union Mills, IN 46382
      View Details
    • Value Estimation by Request
      3,360 SF

      609 Water St

      SHOPPING CENTER, STRIP CENTER • 3,360 SF
      609 Water St, Union Mills, IN 46382-9998
      View Details
    • Value Estimation
      $330,000
      3,938 SF

      710 Water St

      RESTAURANT • 3,938 SF
      710 Water St, Union Mills, IN 46382
      View Details
    • Value Estimation by Request
      126 SF

      Ss 500th Ww

      STORAGE YARD, OPEN STORAGE • 126 SF
      Ss 500th Ww, Union Mills, IN 46382
      View Details

    Similar Nearby for Sale

    • $84,900
      1.91 Acres

      Union Mills Wooded Land Parcel

      Wooded 1.91-acre lot ready for custom home in Union Mills.
      Tbd2 W 800 S, Union Mills, IN 46382
      View Details
    • $84,900
      Pending

      Union Mills Wooded Lot

      Two-acre wooded lot ready for custom home in Union Mills.
      800 W 800 S, Union Mills, IN 46382
      View Details
    • $160,000
      6.69 Acres

      Union Mills Wooded Land Parcel

      6.69-acre wooded lot ready for custom home.
      Tbd3 W 800 S, Union Mills, IN 46382
      View Details
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    505 Water St
    Union Mills, IN 46382-7005
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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