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Property profile & analytics
OFF-MARKET
Commercial real estate

624 State St Kingman, IN 47952

1.28 ac lot Built 1963
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US31-2509784
Property summary
AI-generated overview

This exceptional commercial property, located at 624 E State Street in Kingman, Indiana, presents a unique investment opportunity. The building encompasses 1,248 square feet and sits on a generous 1.28-acre lot, offering ample space for a variety of commercial ventures. Currently, the property requires repairs and updates to become fully operational. However, this presents a significant advantage for a prospective buyer, allowing for customization and the creation of a business tailored to their specific needs and vision. The existing structure provides a solid foundation, ready to be transformed into a thriving enterprise. The expansive lot size offers additional possibilities, such as outdoor seating, parking, or even expansion of the existing building. The property's location in Kingman offers access to a local market and presents a chance to establish a strong presence within the community. This is an ideal opportunity for an entrepreneur seeking a blank canvas to build their dream business or an investor looking for a property with significant upside potential. The asking price of $50,000 makes this a highly attractive proposition in the current market. Don't miss this chance to acquire a versatile commercial property with substantial growth potential.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1963
Lot 1.28 ac (55,757 SF)
Zoning code KINGM
APN 23-15-25-345-001.000-021
UPID US31-2509784
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
USA Proud LLC · 1 yrs held
USA Proud LLC
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
KINGM · Kingman, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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