107 Anderson StSandborn, IN 47578

Property Details for 107 Anderson St

Year built

1913

Construction

WOOD

Lot size

0.04 AC

Property size (Sq ft)

765 SF

Property type

Retail space

APN

42-02-04-404-010.000-014

APU

420204404010000014

Description

This attractive commercial property, situated at 107 S Anderson Street in Sandborn, Indiana, presents a unique investment opportunity. Priced at $22,500, this building offers significant potential for a variety of uses. The property sits on a 0.04-acre lot and boasts a spacious layout ideal for adaptation. Previously utilized as a hair salon, the building features a large, open room bathed in natural light, creating a welcoming and airy atmosphere. This main area is complemented by a convenient half bath and an additional room, providing flexibility for expansion or specialized use. The building's central Sandborn location ensures high visibility and accessibility, making it an excellent choice for entrepreneurs seeking a well-positioned commercial space. The property's versatility allows for a range of business ventures, from retail to office space, or even a return to its previous use as a salon. The ample natural light and existing layout offer a solid foundation for immediate occupancy and customization. This is a rare opportunity to acquire a well-located commercial building at an attractive price point in the heart of Sandborn. Serious inquiries are encouraged to explore the possibilities this property offers. The square footage is not currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $183,100

  6.5%

  $169,016

  7%

  $156,943

• Comparable approach

  Method

  Valuation

  Relative Method

  $165,945

  Geo Method

  $165,945

• Alternative Use

  Use

  Valuation

  Residential

  $142,571

  Hospitality

  $130,594

  Educational

  $108,653

  Medical

  $112,390

  Retail

  $169,016

Location Insight

City

Sandborn

County

Knox

State

Indiana

Latitude

38.8962

Longitude

-87.1872

CBSA code

47180

CBSA name

VINCENNES, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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