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Property profile & analytics
FOR SALE
Retail space

519-525 Michigan Ave Jeff, IN 47130

21,576 SF
Property ID
US31-3160222
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Total area 21,576 SF
UPID US31-3160222
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
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
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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