114 Broad StMooreland, IN 47360

  • Commercial real estate
  • 2,880 SF
For Sale
$24,500 View listing

Property Details for 114 Broad St

Year built
1900
Construction
WOOD
Lot size
0.10 AC
Property size (Sq ft)
2,880 SF
Property type
Commercial real estate
APN
33-08-23-310-110.000-002
APU
330823310110000002

Description

This exceptional investment opportunity is located in the heart of Mooreland, Indiana, at 114 S Broad Street. The property encompasses a sizable 0.1-acre lot and features two existing structures totaling approximately 3,700 square feet of commercial space. One building offers 2,800 square feet, while the second building provides an additional 900 square feet. While both buildings require renovation and repair, their substantial size presents a significant opportunity for redevelopment. The property's strategic location benefits from convenient street parking in front and dedicated off-street parking on the south side. This property's history as Mooreland's former grocery store speaks to its prime location within the community. The recent addition of a Pizza King to the area further underscores Mooreland's revitalization and growth, making this a compelling investment prospect for entrepreneurs and developers seeking to capitalize on a thriving community. The asking price is $24,500. This presents a rare chance to acquire a substantial commercial property in a growing Indiana town at an attractive price point. The property's size and location offer considerable potential for a variety of commercial uses. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $410,746
    Hospitality
    $376,241
    Educational
    $313,028
    Medical
    $323,793
    Retail
    $486,932

Location Insight

City
Mooreland
County
Henry
State
Indiana
Latitude
39.9964
Longitude
-85.2509
CBSA code
35220
CBSA name
NEW CASTLE, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,194
$4,200
$35,600
$39,800
-
$4,200
$35,600
$39,800

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