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Property profile & analytics
FOR SALE
Retail space

820 Main St Charlestown, IN 47111

5,499 SF 0.27 ac lot Built 1968
Individually Owned 3-yr Hold Free & Clear
Property ID
US31-2381850
Property summary
AI-generated overview

This exceptional commercial property, located at 820 Main Street in Charlestown, Indiana, presents a unique investment opportunity. Situated on a 0.27-acre lot at the corner of Main Street and Market Street (Highway 3), this high-visibility building enjoys a prime location at the entrance to Charlestown City Square. Its strategic position benefits from significant traffic flow, particularly amplified during the winter months due to the popular Christmas light display. The building itself offers ample space, currently configured with office areas, restrooms, and a basement for storage. A notable feature is the absence of load-bearing walls separating the two existing spaces, allowing for flexible configuration to suit a variety of business needs. The property's zoning permits a wide range of commercial uses, including retail, service sector, and office spaces. Potential business owners may also be eligible for Charlestown Redevelopment funds to assist with facade improvements. Convenient rear alley access and ample on-street parking further enhance the property's appeal. This is an ideal opportunity to establish or expand a business in a thriving, re-developing area, close to key locations such as River Ridge, Shadow Lake, and City Hall.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1968
Construction TYPE NOT SPECIFIED
Total area 5,499 SF
Lot 0.27 ac (11,600 SF)
APN 10-18-11-700-925.001-004
UPID US31-2381850
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
  • Pampered Pups Dog Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$485k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k
Owner & transaction history
John Edrington · 3 yrs held
John Edrington
since 2023
Last sale
$495,000
1 recorded transaction
2023
$495,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $765,000 +55.5%
Restaurant $495,000 +0.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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