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: |
$77.59 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Usable Size (USF): |
1,160 SF |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage |
| Cap Rate: |
Undisclosed |
| Last Updated: |
12/1/2023 |
Overview / Comments
|
Single-Story Free Standing Office Building For Sale. Commercial zoned, 1,160 sq. ft. usable space. Reception, break room, restroom and five office spaces. Excellent location, good visibility from Main St. in downtown Kendallville. Approximately two miles east from SR 3 and approximately one mile south of SR 6. Kendallville has a population of 10,205 (City Data 2021) and daily traffic count of 5,243/vehicles on S. Main St. / Gold St. (2022 RPR)
|
Financials
| Finance Data Year |
2015 |
| Real Estate Taxes - Annual($) |
$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 |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Moody's assume any liability for errors or omissions.
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