162 South Court Street

Paoli, IN 47454

$950,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Are you looking for your next investment property and business location? This building offers a wonderful business adventure featuring a bar and or restaurant opportunity along with SEVEN rental properties all in one location. The property sits on the square on a corner lot creating plenty of exposure and accessibility. The main level is currently a bar and restaurant with laminate flooring, two restrooms, a private party room, and an inviting patio area for outdoor seating. Included with the sale...Are you looking for your next investment property and business location? This building offers a wonderful business adventure featuring a bar and or restaurant opportunity along with SEVEN rental properties all in one location. The property sits on the square on a corner lot creating plenty of exposure and accessibility. The main level is currently a bar and restaurant with laminate flooring, two restrooms, a private party room, and an inviting patio area for outdoor seating. Included with the sale is a liquor license, making it easy to hit the ground running. Upstairs, you'll find seven units. There are six finished units that were remodeled in 2022. Each unit offers its own kitchen and bathroom. The seventh unit has served as a storage unit and is unfinished. Utilities are: Duke Energy and Town of Paoli Water. Don’t miss this versatile investment opportunity that combines business and residential rental properties in one location.
  1. Listed by Natasha Johns • Williams Carpenter Realtors

Property Details for 162 South Court Street

Subdivision
None
Waterfront
No
LISTING UPDATED: 10/21/2024 04:58 PM

Property Details for 162 South Court Street

StatusActive
MLS #202440345
Days on Market16
Taxes$3,165 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Mixed Use
Year Built1900
Lot Size0.17 AC / 7,405 SF
CountyOrange County

Building Information for 162 South Court Street

Stories2Residences-Year Built1900Lot Size0.17 AC / 7,405 SF

Property Information for 162 South Court Street

Summary
Location and General Information
  • Area: Orange County
  • City: Paoli
  • Zip Code: 47454
  • City Zoning: C Commercial
  • State: IN
  • Township: Paoli
  • Geo Latitude: 39
  • Geo Longitude: -86
  • Road Access: City
  • Inside City Limits: Yes
  • Fips Code: 18117
  • Directions To Property: Take 37 S, turn R onto N Court St. Property on the right.
  • Location: City
Taxes and HOA
  • Parcel Description: Corner
  • Annual Taxes: $3,165
  • Year Taxes Payable: Current
  • Parcel Number Id: 59-11-01-201-084.001-012
Parking
  • Parking: Street
Property
Lot Information
  • Class: COMMERCIAL
  • Property Subtype: Mixed Use
  • Approx Lot Size Acres: 0.17
  • Lot Dimensions: 50 x 150
  • Approx Lot Size Sqft: 7405.0
Property and Assessments
  • New Construction: No
  • Year Built: 1900
  • Age: 124
  • Documents Available: LBP Form
  • Planned Unit Development: No
Utilities
  • Electric Company: Duke Energy Indiana
  • Gas Company: Indiana Natural Gas
  • Sewer: City
  • Water Company: Town of Paoli
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Exterior: Vinyl
  • Platted: Yes
  • Roof Material: Shingle
Interior Features
  • Basement: No
  • Basement/Foundation: Other
  • Cooling: Central Air
  • Flooring: Carpet, Laminate
  • Heating/Fuel: Gas
  • Stories: 2
Multi Family
Multi-Family Information
  • Number of Buildings: 1

Property History for 162 South Court Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 162 South Court Street

Taxable ValueLand$18,700Additions$134,600Total$153,300
Tax Record2023$3,165 ($264 / month)
Home Facts
Total Finished SqFt13,632 SqFtAbove Grade Finished SqFt13,632 SqFtStories3Lot Size7,500 SqFtStyleMiscellaneous CommercialYear Built1900CountyORANGEAPN59-11-01-201-084.001-012

Schools near 162 South Court Street

This home is within Paoli Community School Corp.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
Throop Elementary School
PublicPK to 6

Paoli Jr & Sr High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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162 South Court Street is a mixed use property for sale in Paoli, IN 47454. This property was listed for sale on October 17, 2024 by Williams Carpenter Realtors, it's currently listed at $950,000. This listing's school district is Paoli Community School Corp. Nearby schools include Throop Elementary School, Paoli Jr & Sr High School and Lost River Career Cooperative. 162 South Court Street is a 0-bed, 0-bath, mixed use property built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Williams Carpenter Realtors

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.