567 National AveBrazil, IN 47834

Property Details for 567 National Ave

Year built

1920

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

5,760 SF

Property type

Retail space

APN

11-01-31-300-062.000-002

APU

110131300062000002

Description

This exceptional 5,760 square foot retail property, situated on a 0.11-acre lot at 567 E National Avenue in Brazil, Indiana, presents a remarkable investment opportunity. Previously operating as a salon school, the building offers a solid foundation and adaptable layout, perfect for a diverse range of business ventures. The well-maintained structure features ample space for immediate occupancy and customization. The existing infrastructure provides a significant advantage for a quick and efficient transition to your chosen business model. The upper level presents a unique opportunity for expansion, easily convertible into a stylish apartment for additional rental income or to create a multi-level retail space. This prime location boasts exceptional road frontage, ensuring high visibility and attracting significant foot traffic. The property's central downtown location within the thriving Brazil community offers unparalleled access to local amenities and a strong customer base. This is an exceptional chance to establish your business in a vibrant and accessible area. The building's versatility and prime location make it an ideal investment for entrepreneurs seeking a turnkey solution or those looking to create a unique and successful business. Seize this opportunity to own a piece of downtown Brazil and transform this space into your next thriving venture.

• CAP approach

  CAP return

  Valuation

  6%

  $1,127,148

  6.5%

  $1,040,444

  7%

  $966,127

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,249,468

  Geo Method

  $1,249,468

• Alternative Use

  Use

  Valuation

  Residential

  $877,654

  Hospitality

  $803,926

  Educational

  $668,857

  Medical

  $691,860

  Retail

  $1,040,444

Location Insight

City

Brazil

County

Clay

State

Indiana

Latitude

39.5244

Longitude

-87.1206

CBSA code

45460

CBSA name

TERRE HAUTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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