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903 N 13Th St Decatur, IN 46733

Automotive properties Google Maps
1,344 SF 1 ac lot Built 1981
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$255k
Range $230k – $281k (±10%)
Property ID US31-1345705

Property summary

AI-generated overview

This exceptional commercial property boasts 375 feet of high-visibility frontage along US Highway 27 in Decatur, Indiana. Situated on a one-acre lot, the property is currently configured as a mechanic repair shop and car lot, offering significant potential for a variety of commercial uses. The C-2 zoning allows for diverse business opportunities, making it an ideal investment for entrepreneurs and established businesses alike. The substantial highway frontage ensures maximum exposure to a high volume of daily traffic, providing unparalleled visibility and accessibility. This presents a unique chance to establish a thriving enterprise in a strategic location with excellent potential for growth and return on investment. The existing structures offer immediate usability, while the expansive lot size allows for future expansion or redevelopment to suit specific business needs. The property's location in Decatur, IN, provides access to a strong local market and convenient transportation links. This is a rare opportunity to acquire a well-positioned commercial property with significant potential. Serious inquiries are encouraged.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1981
Construction WOOD
Total area 1,344 SF
Lot 1 ac (43,585 SF)
APN 01-02-34-401-069.000-014
UPID US31-1345705

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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