1200 Main StPaoli, IN 47454

  • Showrooms
  • 6,885 SF
For Sale

Property Details for 1200 Main St

Year built
1979
Construction
WOOD
Lot size
5.79 AC
Property size (Sq ft)
6,885 SF
Property type
Showrooms
APN
59-11-02-100-047.000-012
APU
591102100047000012

Description

This exceptional investment opportunity encompasses a substantial 6-acre parcel situated on West Main Street/US-150 in Paoli, Indiana, boasting over 225 feet of prime road frontage. The property features seven buildings, offering a significant amount of versatile space ideal for various commercial uses. Building #1, a former mill, is a metal-sided pole building measuring approximately 114 feet long, 45 feet wide, and 12 feet high. It features a concrete floor, six sliding doors, insulation, and a 2012 roof. Additional structures include a 3300 square foot pole building (Building #2), a 1215 square foot pole building (Building #3), a 1990 square foot building housing dry kilns (Building #4), a 1400 square foot storage shed (Building #5), a 1215 square foot former boiler building with an office (Building #6), and a 290 square foot open shed (Building #7). The majority of the acreage is open, with approximately two acres of wooded land on the northern side. The substantial square footage under roof makes this property exceptionally well-suited for general warehousing, equipment storage, RV storage, or similar uses. The property is zoned Highway Commercial. This offering presents a unique opportunity to acquire a significant industrial property, either independently or in conjunction with adjacent tracts (1514 W Main St. and 1313 W Main St., sold separately).

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,549,403
    6.5%
    $1,430,218
    7%
    $1,328,060
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,493,505
    Geo Method
    $1,493,505
  • Alternative Use

    Use
    Valuation
    Residential
    $1,206,442
    Hospitality
    $1,105,095
    Educational
    $919,426
    Medical
    $951,046
    Retail
    $1,430,218

Location Insight

City
Paoli
County
Orange
State
Indiana
Latitude
38.5574
Longitude
-86.4796

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
$8,886
$162,400
$90,700
$253,100
-
$162,400
$90,700
$253,100

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].