708 Nelson St Leavenworth, IN 47137
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.
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
No recorded transactions found for this property.
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.