Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5194 Us Hwy 33 Ligonier, IN 46767-9611

    • Retail space
    • 196,137 SF
    • 60.92 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-1718341
    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 5194 Us Hwy 33

    Year built
    1950
    Construction
    TYPE NOT SPECIFIED
    Lot size
    60.92 lot acres
    Property size
    196,137 SF
    Property type
    Retail space
    APN
    57-16-03-200-002.000-015
    APU
    571603200002000015

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ligonier
    County
    Noble
    State
    Indiana
    Longitude
    -85.5825
    Latitude
    41.4299
    CBSA code
    28340
    CBSA name
    KENDALLVILLE, IN MICROPOLITAN 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
    $41
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $350,000
      3,168 SF

      8750 750th S

      RETAIL STORES (PERSONAL SERVICES) • 3,168 SF
      8750 750th S, Ligonier, IN 46767-9309
      View Details
    • Value Estimation by Request
      192,096 SF

      5094 Us Hwy 33

      RETAIL STORES (PERSONAL SERVICES) • 192,096 SF
      5094 Us Hwy 33, Ligonier, IN 46767-9606
      View Details
    • Value Estimation
      $415,000
      9,512 SF

      913 Commerce S Dr

      RETAIL STORES (PERSONAL SERVICES) • 9,512 SF
      913 Commerce S Dr, Ligonier, IN 46767-1742
      View Details
    • Value Estimation
      $345,000
      4,000 SF

      909 Commerce S Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      909 Commerce S Dr, Ligonier, IN 46767-1742
      View Details
    • Value Estimation by Request
      3,696 SF

      104 Cavin St

      RETAIL STORES (PERSONAL SERVICES) • 3,696 SF
      104 Cavin St, Ligonier, IN 46767-1914
      View Details
    • Value Estimation by Request
      1,508 SF

      201 Cavin St

      RETAIL STORES (PERSONAL SERVICES) • 1,508 SF
      201 Cavin St, Ligonier, IN 46767-1915
      View Details

    Similar Nearby for Sale

    • New
      $184,900
      0.08 Acres

      Versatile Mixed-Use Building in Ligonier

      Commercial storefront with two apartments in downtown Ligonier, Indiana.
      316 S Cavin St, Ligonier, IN 46767
      View Details
    • $200,000
      2,271 SF

      Converted Duplex in Ligonier, IN

      Two-unit home with conversion potential in Ligonier, Indiana.
      602-604 S Martin St, Ligonier, IN 46767
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5194 Us Hwy 33
    Ligonier, IN 46767-9611
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.