845 State Rd 145 Eckerty, IN 47116-9420
This exceptional multi-use property, located at 845 N State Road 145 in Eckerty, Indiana, presents a unique investment opportunity. Situated on a 1.67-acre lot, the property boasts a diverse range of structures, offering significant income potential or the flexibility to combine residential and commercial uses. The main feature is a 2000+ square foot retail space, built in 2010, featuring a convenient loading area and attractive wood exterior. This space offers highway frontage on State Road 145 and could easily be converted into additional residential space, as it already includes a half-bathroom plumbed for a shower. Also included is a 1216 square foot single-wide home with three bedrooms and two full bathrooms. Adding to the property's versatility is an efficiency apartment with its own bathroom and living quarters, perfect for rental income or guest accommodations. A substantial 40x42 pole barn and an 18x21 shed provide ample storage or workshop space. The property's proximity to Patoka Lake further enhances its appeal, opening possibilities for boat storage, event space, or other recreational-related businesses. The seller is open to considering lease options or a contract with a substantial down payment. This property offers a rare blend of residential comfort and significant commercial potential, making it an ideal investment for a discerning buyer.
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.