223 StateMorocco, IN 47963

  • Retail space
  • 2,448 SF
Off market
$1,725,000 Estimated

Property Details for 223 State

Year built
1985
Construction
WOOD
Lot size
0.17 AC
Property size (Sq ft)
2,448 SF
Property type
Retail space
APN
56-10-21-441-065.000-002
APU
561021441065000002

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $914,233
    6.5%
    $843,907
    7%
    $783,628
  • Comparable approach

    Method
    Valuation
    Relative Method
    $331,606
    Geo Method
    $331,606
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,661,350
    Mixed-Use / Specialty
    $834,574
    Hospitality / Lodging
    $604,065
    Office
    $823,027
    Institutional / Educational
    $865,360
    Residential Income
    $1,012,470
    Multifamily
    $1,249,370
    Automotive / Energy
    $741,737
    Parking / Income-Based Land
    $262,214
    Restaurant / Food Service
    $420,569
    Healthcare / Senior Housing
    $862,326

Location Insight

City
Morocco
County
Newton
State
Indiana
Latitude
40.9458
Longitude
-87.4522
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$8,500
$19,600
$28,100
-
$8,500
$19,600
$28,100

FAQs

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