365 Celestine RdCelestine, IN 47521

Property Details for 365 Celestine Rd

Year built

1979

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

1,812 SF

Property type

Medical offices

Property subtype

Medical centers

APN

19-08-31-402-518.000-009

APU

190831402518000009

Description

This exceptional commercial opportunity in Celestine, Indiana, presents a solid investment prospect. The all-brick building is situated on a 0.16-acre lot at 365 N Celestine Road S, just one block from Highway 164, ensuring high visibility and convenient access. Currently configured as two separate office suites, the property boasts long-term tenants, providing immediate and consistent rental income. The building's construction is durable and well-maintained, minimizing potential maintenance costs. The strategic location near Highway 164 offers excellent exposure to a significant volume of traffic, enhancing the property's appeal to both current and future tenants. This presents a rare chance to acquire a stable, income-generating commercial property in a desirable location. The asking price of $155,000 reflects the building's strong potential for return on investment. Interested parties are encouraged to schedule a viewing to fully appreciate this opportunity. The property's size is not specified in the provided information.

• CAP approach

  CAP return

  Valuation

  6%

  $295,010

  6.5%

  $272,317

  7%

  $252,866

• Comparable approach

  Method

  Valuation

  Relative Method

  $155,977

  Geo Method

  $155,977

• Alternative Use

  Use

  Valuation

  Residential

  $337,673

  Hospitality

  $309,307

  Educational

  $257,340

  Medical

  $266,190

  Retail

  $400,306

Location Insight

City

Celestine

County

Dubois

State

Indiana

Latitude

38.3843

Longitude

-86.7794

CBSA code

27540

CBSA name

JASPER, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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