301 Murlin StBicknell, IN 47512

Property Details for 301 Murlin St

Year built

1987

Construction

TYPE NOT SPECIFIED

Lot size

0.15 AC

Property size (Sq ft)

3,000 SF

Property type

Office properties

APN

42-08-16-406-080.000-012

APU

420816406080000012

Description

This exceptional mixed-use property, located at 301 N Murlin St, Bicknell, IN 47512, presents a remarkable investment opportunity. Boasting a substantial 6,000 square feet of space within a single-story, 1987-built structure situated on a sprawling 60-acre lot (APN: 42-08-16-406-079-000-012), this property offers unparalleled versatility. The main level features a kitchen, dining area, a large open area (30x29 ft), two half-baths, and flexible space adaptable to various uses. The lower level provides additional flexible areas and ample storage. A significant asset is the expansive two-car garage (added in 2002), offering considerable potential for diverse applications. Adding to the property's appeal is a finished loft area above the garage (39x14 ft), not included in the stated square footage. Further enhancing the property's utility is an additional garage with workspace. The property encompasses four lots, providing significant expansion possibilities. Currently vacant, this property is zoned residential, presenting a unique opportunity for creative redevelopment and diverse income streams. The asking price is $162,400.

• CAP approach

  CAP return

  Valuation

  6%

  $488,482

  6.5%

  $450,907

  7%

  $418,699

• Comparable approach

  Method

  Valuation

  Relative Method

  $258,240

  Geo Method

  $258,240

• Alternative Use

  Use

  Valuation

  Residential

  $559,124

  Hospitality

  $512,155

  Educational

  $426,107

  Medical

  $440,761

  Retail

  $662,833

Location Insight

City

Bicknell

County

Knox

State

Indiana

Latitude

38.7762

Longitude

-87.3031

CBSA code

47180

CBSA name

VINCENNES, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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