Office Building For Sale ~ Kendallville, IN

Office for Sale
Catylist Listing ID: 30861105
Property Subtypes: Office Building
Building Size (RSF): 1,160 SF
Gross Land Area: 5,478 SF
Sale Price: $90,000
Unit Price: $77.59 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 1,160 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 12/1/2023

Overview / Comments

Single-Story Free Standing Office Building For Sale. Commercial zoned, 1,160 sq. ft. usable space. Reception, break room, restroom and five office spaces. Excellent location, good visibility from Main St. in downtown Kendallville. Approximately two miles east from SR 3 and approximately one mile south of SR 6. Kendallville has a population of 10,205 (City Data 2021) and daily traffic count of 5,243/vehicles on S. Main St. / Gold St. (2022 RPR)

Attachments & Media

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $1,952 (Annual)
Tax Value Land $9,600
Tax Value Improvements $59,700
Assessed Value - Total($) $69,300 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $1,221 (Annual)
Tax Value Land $9,600
Tax Value Improvements $34,500
Assessed Value - Total($) $44,100 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $1,341 (Annual)
Tax Value Land $9,600
Tax Value Improvements $42,000
Assessed Value - Total($) $51,600 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $1,416 (Annual)
Tax Value Land $9,600
Tax Value Improvements $42,000
Assessed Value - Total($) $51,600 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $1,197 (Annual)
Tax Value Land $9,600
Tax Value Improvements $42,000
Assessed Value - Total($) $51,600 (Annual)

Additional Details

Nearest MSA: Kendallville
County: Noble
Tax ID/APN: 57-07-33-320-159.000-020
Zoning: C/1
Property Located Between: S. Main St and Rush St.
Property Visibility: Excellent
Highway Access: Approximately 2 miles east of SR 3 and approximately 1 mile south of SR 6
Site Description: Excellent location downtown Kendallville and good visibility from Main Street.
Area Description: Historic downtown Kendallville, placed in recent years on the National Registry of Historic Places. Quaint specialty shops, restaurants and a historic movie theater. Kendallville is also the home of the Mid-America Windmill Museum and Northern Indiana Blue Grass and Apple Festivals.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,160 SF
Year Built: 1950
Construction/Siding: Wood Frame
Exterior Description: Brick
Parking Type: Surface, Other
Parking Description: Gravel parking lot and street parking
Total Parking Spaces: 7
Heat Type: Electricity
Heat Source: Central
Interior Description: Reception, Breakroom, Restroom and 5 office spaces
Zoning Description: Commercial C/1
Lot Frontage: 83.0 sq. ft.
Lot Depth: 66.0 sq. ft.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: OP E 1/2 LOT 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,657 13,182 20,247
Median Age: 34.04 37.32 38.29
Households: 2,164 5,211 7,887

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