118-122 N. Detroit St.

Office for Sale
Catylist Listing ID: 30843327
Property Subtypes: Office Building
Building Size (RSF): 12,804 SF
Gross Building Area: See Agent
Sale Price: $999,000
Unit Price: $78.02 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/17/2023

Overview / Comments

Strong 3,000 SF government lease in place through 4/27 plus 5-year renewal option
Value add potential with recently vacated 6,000 SF space
Mixed-use capability with apartments upstairs
Building is well-kept and in good condition
Additional storage included with property
Sale Price: $999,000 ($78.02/SF)
Lease Rate: $15.00 SF/yr NNN

Additional Details

Nearest MSA: Kendallville
County: LaGrange
Tax ID/APN: 44-07-19-300-001.049-002
Zoning: B-4
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1890

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,112 5,086 9,371
Median Age: 36.72 35.06 31.09
Households: 886 1,774 2,992

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