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Property profile & analytics
OFF-MARKET
Office buildings

809 Harrison St Alexandria, IN 46001

0.17 ac lot Built 1993
Individually Owned Absentee Owner Free & Clear
Property ID
US31-0822585
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1993
Lot 0.17 ac (7,405 SF)
APN 48-05-24-401-015.000-022
UPID US31-0822585
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
Current use
Occupant on record · Public records
  • Hobbs Health Hut (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
HERBERT L HOBBS
HERBERT L HOBBS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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