414 Garden StFortville, IN 46040

Property Details for 414 Garden St

Year built

1954

Construction

WOOD

Lot size

0.73 AC

Property size (Sq ft)

1,260 SF

Property type

Retail properties

Property subtype

Auto shops

APN

30-02-09-400-027.001-017

APU

300209400027001017

Description

This exceptional .73-acre commercial land parcel presents a unique investment opportunity in the heart of Fortville, Indiana. Located at 414 W Garden St, this property boasts high visibility on Broadway Street, serving as a gateway to the town. Currently utilized as a used car lot, this site offers significant potential for redevelopment. The property's prime location within Fortville's thriving downtown area provides easy access to a variety of local retailers, restaurants, and service providers, as well as the town's vibrant arts and culture scene. Fortville's strategic location, approximately 25 miles northeast of downtown Indianapolis, further enhances its appeal and accessibility. The property's APN is 30-02-09-400-027.001-017. This .73-acre lot offers a rare chance to establish a presence in a dynamic and growing community. Its prominent position and existing infrastructure make it ideal for a wide range of commercial ventures. The property is situated in Hancock County, Indiana, bordering Hamilton and Madison Counties. This location offers excellent visibility and accessibility for businesses seeking a strong foothold in a desirable market. Don't miss this opportunity to acquire a highly visible and strategically located commercial property in a thriving Indiana town.

• CAP approach

  CAP return

  Valuation

  6%

  $230,901

  6.5%

  $213,140

  7%

  $197,915

• Comparable approach

  Method

  Valuation

  Relative Method

  $394,328

  Geo Method

  $394,328

• Alternative Use

  Use

  Valuation

  Residential

  $179,791

  Hospitality

  $164,688

  Educational

  $137,018

  Medical

  $141,731

  Retail

  $213,140

Location Insight

City

Fortville

County

Hancock

State

Indiana

Latitude

39.9294

Longitude

-85.8513

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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