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Property profile & analytics
OFF-MARKET
Commercial land

640 Main NE St Palmyra, IN 47164-8894

0.07 ac lot
Entity Owned Free & Clear
Property ID
US31-1558105
Property summary
AI-generated overview

This exceptional commercial property, located at 640 Main Street NE in Palmyra, Indiana, presents a unique investment opportunity. Situated directly on Highway 150, this prominent location offers unparalleled visibility and accessibility within the heart of Palmyra. The property, formerly Haub Hardware, boasts a rich history and a versatile layout suitable for a wide range of business ventures. The building includes a substantial amount of space adaptable to various needs, featuring a convenient loading dock, a spacious garage, and existing apartment units. The retail space offers significant potential for a variety of businesses, and the property's configuration allows for division into smaller, more manageable units to accommodate specific business requirements. The existing structure provides a solid foundation for immediate occupancy, while the adaptable design allows for customization to meet the unique needs of a prospective tenant or owner. All aspects of the build-out are negotiable, ensuring a flexible and collaborative approach to establishing a successful business within this prime location. This is an exceptional chance to acquire a well-positioned, historically significant property with significant potential for growth and profitability in a thriving community. The property is priced at $1. The lot size is 0 acres.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.07 ac (2,997 SF)
APN 31-03-19-402-004.000-014
UPID US31-1558105
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
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Owner & transaction history
JACOBI PROPERTIES LLC
JACOBI PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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