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Property profile & analytics
OFF-MARKET
Commercial real estate

708 Nelson St Leavenworth, IN 47137

1,856 SF 0.16 ac lot Built 1870
Entity Owned 14-yr Hold Absentee Owner Free & Clear
Property ID
US31-1440836
Property summary
AI-generated overview

This unique commercial real estate investment opportunity presents a chance to own a piece of Leavenworth history. Located at 708 S Nelson Street, this property features an 1856 square foot, two-story brick building constructed in 1870. The building boasts a charming limestone pillar faГ§ade with decorative accents and a durable metal roof. Situated on a 0.16-acre town lot measuring 62 feet by 110 feet in Old Leavenworth, the property offers significant potential for redevelopment or restoration. The building includes a full basement, adding to its overall square footage and utility. Please note that the building is currently in need of significant repairs and updates. Due to the building's condition, interior access is not permitted at this time. A public open house is scheduled for Friday, October 21st, from 1 PM to 2 PM, allowing for exterior viewing and assessment. The auction for this property concludes on October 31st at 6 PM. Interested parties are encouraged to review the property thoroughly during the open house and place bids online at the provided auction website. This is a truly exceptional opportunity for a buyer with vision and the resources to undertake a substantial renovation project. The property's prime location in Old Leavenworth offers considerable upside potential once improvements are completed.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1870
Construction WOOD
Total area 1,856 SF
Lot 0.16 ac (6,839 SF)
APN 13-14-06-167-001.000-004
UPID US31-1440836
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
THE JEFFREY CRESS LIVING TRUST DATED JULY 24, 2017
THE JEFFREY CRESS LIVING TRUST DATED JULY 24, 2017
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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