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Property profile & analytics
FOR SALE
Retail space

8647 W College St French Lick, IN 47432

18,400 SF 0.15 ac lot Built 1900
Entity Owned Absentee Owner Free & Clear
Property ID
US31-2037758
Property summary
AI-generated overview

This exceptional mixed-use property, located at 8647 W. College St. in French Lick, Indiana, presents a unique investment opportunity. The building, constructed in 1900, boasts a striking French Lick yellow brick exterior and encompasses 9,200 square feet across three levels above grade, each measuring 4,600 square feet, plus a full basement. Currently configured as retail space on the main level, a former doctor's office and apartment space on the second level, and storage on the third level, this property offers significant versatility. The apartment space requires renovation or could be repurposed to suit a variety of needs. The building sits on a 6,534 square foot lot and includes some off-street parking. The property is zoned for mixed use, allowing for a wide range of potential applications. An adjacent lot is also available for purchase (separately). The asking price is $399,000, with a price per square foot of $43.37. This prime commercial building in downtown French Lick offers high visibility and significant potential for a savvy investor. An appointment is required for a complete viewing. The APN is 59-12-03-310-001.001-002. The property is located in Orange County, Indiana, zip code 47432.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction WOOD
Total area 18,400 SF
Lot 0.15 ac (6,670 SF)
APN 59-12-03-310-001.001-002
UPID US31-2037758
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
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
HICKS PROPERTIES INDIANA LLC
HICKS PROPERTIES INDIANA LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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