519-525 Michigan Ave Jeff, IN 47130
For Sale
1 / 2
Huge opportunity to own property at the first Exit and a Gateway to Downtown Jeffersonville. This property faces W Court Ave and Michigan Ave and it carries a Michigan Ave address. Currently used as a retailer for fireworks and it has alot of space (21,576sf) that includes a light warehouse space on 1st floor totaling 13,810sf and a 2nd floor level has 3648sf, which has a separate outside exit as well. The warehouse has 2 docks, a drive in bay door, open floor with several access doors to the various areas of the bldg. Also included is a retail building at 4118sf that fronts Michigan Ave and is currently occupied by an office tenant and a restaurant tenant. The warehouse currently has a tenant, however the 2nd floor office space is vacant. Court Ave being an entry into the City for Downtown is prime for a potential Public Private Partnership with the City of Jeffersonville should you have a "Bigger Picture" plan to discuss. The City Redevelopment owns multiple parcels that have been acquired for just such a plan. The right plan would change the entire entry into the City unlike ever before. Make this part of your plan and see what the City Redevelopment might have in their toolbox as to incentives such as TIF funds and other tax abatements etc.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.