8647 W College St French Lick, IN 47432
For Sale
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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.
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.