408 National AveBrazil, IN 47834

Property Details for 408 National Ave

Year built

1997

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

4,360 SF

Property type

Retail properties

Property subtype

Retail space

APN

11-02-36-400-313.000-002

APU

110236400313000002

Description

This exceptional 4,360 square foot commercial building presents endless possibilities for a discerning buyer. Located in the heart of downtown Brazil, Indiana, on US 40, this property boasts high visibility and convenient access. The building sits on a sizable 0.33-acre lot (120' x 120'), offering ample space for expansion or outdoor activities. The interior features a spacious 2,120 square foot retail showroom, perfect for showcasing products or services. A substantial 2,240 square foot warehouse area, equipped with three overhead doors, provides excellent storage and loading capabilities. Currently, the building includes one office and one restroom, but the open floor plan allows for easy customization to meet specific business needs. Energy-efficient lighting and two HVAC systems contribute to low utility costs, a significant advantage for any business owner. A large attic provides additional storage space. The building has been meticulously maintained and is ready for immediate occupancy. Existing furniture and fixtures are available for negotiation. This is a truly remarkable opportunity to establish or expand your commercial enterprise in a thriving downtown location.

• CAP approach

  CAP return

  Valuation

  6%

  $853,200

  6.5%

  $787,570

  7%

  $731,315

• Comparable approach

  Method

  Valuation

  Relative Method

  $945,778

  Geo Method

  $945,778

• Alternative Use

  Use

  Valuation

  Residential

  $664,344

  Hospitality

  $608,536

  Educational

  $506,295

  Medical

  $523,707

  Retail

  $787,570

Location Insight

City

Brazil

County

Clay

State

Indiana

Latitude

39.5217

Longitude

-87.132

CBSA code

45460

CBSA name

TERRE HAUTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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