68 Main St Danville, IN 46122-1704
This exceptional Class A commercial property, located at 68/72 W Main St in Danville, Indiana (APN 321104490007000003), offers a unique investment opportunity. The 2,000 square foot, two-story building sits on a 2,614 square foot lot and is zoned for commercial use. Completely renovated in 2020 with high-end materials, the property boasts nine luxury executive offices featuring 10-foot ceilings, recessed lighting, ceramic tile, ceiling fans, and laminate flooring. Amenities include a large conference room, a full kitchen, and a spacious retail shop with a trayed ceiling and ceiling fan. Additional features include an assistant's office, a file room, and a 20x15 storage room. All offices have keyless entry. The building also includes four remodeled apartments upstairs: two one-bedroom units, one two-bedroom unit, and a manager's efficiency unit. The property features a rear entry with public parking and a prominent front office with large display windows, marble tile floors, and trim. Currently, the occupancy rate is 90%, with an asking price of $1,100,000 ($550/sq ft). Note that this property consists of two separate buildings. This prime location in downtown Danville, adjacent to the Mayberry Café, presents a compelling investment opportunity with strong potential for future growth and high rental income.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.