Downtown Auburn Investment
Retail-Commercial
for Sale
| Catylist Listing ID: |
30794485 |
| Property Subtypes: |
Free-Standing Building, Mixed Use
|
| Building Size (RSF): |
6,188 SF
|
| Sale Price: |
$485,000 |
| Unit Price: |
$78.38 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
5/17/2022 |
Overview / Comments
Great property for startup or experienced investor, located in the heart of Downtown Auburn.
Property consist of three parcels containing two street-level retail spaces, one 2-bedroom apartment, and one 1-bedroom apartment.
Major 2018 Renovation includes new HVAC, plumbing, new roof overlay, new salon space, and apartments.
Value add opportunity, current rental rates below market.
|
Additional Details
| Nearest MSA: |
Auburn |
| County: |
DeKalb |
| Tax ID/APN: |
18-06-29-386-002, 18-06-29-386-003, 18-06-29-386-017 |
| Zoning: |
DC (DOWNTOWN CORE) |
| Retail Clientele: |
General |
| Property Located Between: |
E 5th St and E 6th St |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
N Main Street |
| Feet of Frontage: |
44 |
| Traffic/Vehicle Count: |
12,828 |
| Area Description: |
Auburn, Indiana, best known for the production of the Auburn Cord vehicle, was named of the region's top micropolitan areas based on its economic strength, location and propensity for development. Auburn has invested millions in the revitalization of its downtown core which promotes growth and secures an economically viable future for area businesses. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
2 |
| Property Condition: |
Good |
| Year Built: |
1900 |
| Year Renovated: |
2018 |
| Construction/Siding: |
Brick |
| Parking Description: |
Street parking |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,120 |
14,507 |
27,475 |
| Median Age: |
35.11 |
37.44 |
37.37 |
| Households: |
2,507 |
5,831 |
10,518 |
|
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