8182 Main StDugger, IN 47848

Property Details for 8182 Main St

Year built

1930

Construction

WOOD

Lot size

0.07 AC

Property size (Sq ft)

2,520 SF

Property type

Retail space

APN

77-09-12-222-006.000-002

APU

770912222006000002

Description

This exceptional commercial property located at 8182 E Main Street in the heart of Dugger, Indiana, presents a unique investment opportunity. Situated on a 0.07-acre lot, the building boasts a main floor previously used as a post office, offering approximately [Square footage not provided] of adaptable space. Its prime downtown location and large, attractive front windows ensure high visibility, making it perfect for a variety of retail or office uses. Alternatively, the main floor could be converted into additional apartment units, expanding rental income potential. Upstairs, a spacious two-bedroom, two-bathroom apartment provides immediate rental income. This apartment could also be easily divided into two one-bedroom units, further increasing revenue streams. Convenient off-street parking is available behind the building. The property is offered at $69,900, and seller financing may be available to assist with purchase and any necessary renovations. This is a rare opportunity to acquire a versatile commercial property with significant upside potential in a desirable location. The building's history and adaptable layout offer a unique blend of character and modern possibilities, making it an attractive investment for both seasoned and first-time commercial property owners. Don't miss this chance to own a piece of Dugger's vibrant downtown.

• CAP approach

  CAP return

  Valuation

  6%

  $566,461

  6.5%

  $522,887

  7%

  $485,538

• Comparable approach

  Method

  Valuation

  Relative Method

  $546,642

  Geo Method

  $546,642

• Alternative Use

  Use

  Valuation

  Residential

  $441,074

  Hospitality

  $404,022

  Educational

  $336,141

  Medical

  $347,702

  Retail

  $522,887

Location Insight

City

Dugger

County

Sullivan

State

Indiana

Latitude

39.0674

Longitude

-87.2562

CBSA code

45460

CBSA name

TERRE HAUTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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