Investment Building Downtown Mitchell, IN

Retail-Commercial for Sale
Catylist Listing ID: 30040452
Building Size (RSF): 5,500 SF
Sale Price: $79,900
Unit Price: $14.53 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2017

Overview / Comments

Great investment opportunity in downtown Mitchell. This property features main floor retail with two apartments on the 2nd floor. Would make a great

investment or could be an owner user with living quarters on the 2nd floor.

Financials

Finance Data Year 2013
Real Estate Taxes - Annual($) $1,213 (Annual)
Tax Value Land $7,100
Tax Value Improvements $38,900
Assessed Value - Total($) $46,000 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $1,121 (Annual)
Tax Value Land $7,000
Tax Value Improvements $37,300
Assessed Value - Total($) $44,300 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $1,127 (Annual)
Tax Value Land $6,800
Tax Value Improvements $37,700
Assessed Value - Total($) $44,500 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $1,122 (Annual)
Tax Value Land $6,600
Tax Value Improvements $37,700
Assessed Value - Total($) $44,300 (Annual)

Additional Details

Nearest MSA: Bedford
County: Lawrence
Tax ID/APN: 47-11-36-342-056.000-005
Zoning: BUSINESS
Market Type: Rural
Retail Clientele: General, Business
Road Type: Paved
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,000 SF
Property Condition: Good
Year Built: 1880
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: DSL
Zoning Description: Business
Easements: Other
Legal Description: ORIG E 1/2 LOT 232

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,673 6,359 12,512
Median Age: 39.5 41.04 40.92
Households: 1,508 2,579 4,995

Contact

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