809 Harrison St Alexandria, IN 46001
This exceptional mixed-use property, located at 809 S Harrison Street in Alexandria, Indiana, presents a remarkable investment opportunity. Boasting 5,772 square feet on a 0.08-acre lot, this two-story building offers incredible versatility. Previously a massage school, it's now zoned for both residential and commercial use, opening a wide array of possibilities. The upper level features five offices, easily adaptable into bedrooms for a group home or halfway house. Four full bathrooms and one half bathroom provide ample facilities. Two large lecture halls on the ground floor are ideal for common areas or entertainment spaces. Additional features include a kitchen, a library with custom built-in bookcases, and three separate HVAC systems for optimal climate control. A functioning elevator ensures convenient access to all levels. The ground floor also includes a front office with double doors for convenient deliveries from the adjacent alley, and two utility rooms equipped with multiple washer and dryer hookups. A significant advantage is the attached side parking lot providing over 24 parking spaces. The property's adaptability makes it suitable for a diverse range of uses, including medical or dental offices, a training facility, a trucking or shipping company, or even a combination of residential and commercial ventures. The possibilities are truly endless. Priced at $249,900.
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Hobbs Health Hut (Bike/Boat/Book/etc) Store Pharmacy
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
Similar Nearby for Lease
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.