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Property profile & analytics
OFF-MARKET
Office Spaces

6297 County Rd 750th S Reelsville, IN 46171-8830

612 SF 0.24 ac lot Built 1928
Individually Owned Absentee Owner Free & Clear
Property ID
US31-0484381
Property summary
AI-generated overview

This unique mixed-use property in Reelsville, Indiana, presents a rare investment opportunity. The 612-square-foot building currently serves as a post office, generating monthly income from the United States Postal Service. This provides a consistent revenue stream, partially offsetting mortgage payments. The property sits on approximately one acre of land, offering ample space for development. Imagine building your dream home on this expansive lot, while enjoying the passive income from the existing post office. Located just one block from US Highway 40, the property offers convenient access to major roadways. While a septic system is needed for any new construction, all other utilities are readily available. This is a chance to own a piece of local history, combine residential living with a steady income stream, and create a unique and profitable investment. The property's rural setting provides a peaceful atmosphere, yet remains conveniently close to essential amenities. The possibilities are endless for this versatile property, blending historical charm with modern development potential. This is a truly exceptional opportunity to acquire a piece of Indiana history with significant income potential.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1928
Construction TYPE NOT SPECIFIED
Total area 612 SF
Lot 0.24 ac (10,324 SF)
Zoning code ZO01
APN 67-11-21-402-007.000-019
UPID US31-0484381
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
Current use
Occupant on record · Public records
  • United States Postal Service Money Order Service Shipping And Mailing Service
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
HOWARD BOWEN
HOWARD BOWEN
Zoning & alternative use
ZO01 · Reelsville, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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