Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    307 N Park Ave Kendallville, IN 46755

    Sponsored
    For Sale
    $70,000

    Mixed Use - Kendallville, IN

    Type:Mixed Use
    Lot size:
    0.80 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 20 at 3:06 am

    Property Features for 307 N Park Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Rooms
    Bathroom 1, Office
    Bathrooms
    1
    APN
    57-07-33-120-067.000-020
    Parking features
    Garage
    Interior features
    Drywall, Metal, Office Space
    Exterior features
    Office Space
    Lot size
    0.80 Acres

    Utilities

    Heating system
    None (Heating)
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    2021
    Floors in Building
    1
    Flooring type
    Concrete, Vinyl
    Roof type
    Metal, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Logan Conley

    Coldwell Banker Real Estate Group (260) 489-3336

    Listing agent Logan Conley (260) 489-3336 License #RB23000922

    Listing date Feb 17, 2026

    MLS# 202605018 Listing URL

    Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Property in Kendallville

    Located at 307 N Park Ave in Kendallville, this commercial property spans just under an acre. A 30x30' pole barn, constructed in 2021, features three garage doors suitable for storage, workshops, or other business purposes. The property also includes a dedicated office space with a restroom. Situated in a high-traffic area, the location offers visibility and accessibility. Previously, the property operated as a utility trailer sales business and historically as a golf cart sales business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kendallville
    County
    Noble
    State
    Indiana
    Longitude
    -85.254893
    Latitude
    41.446359

    Nearby Similar for Sale

    • $289,900
      0.62 Acres

      Kendallville Worship Center on US 6

      Worship center with unique A-frame construction and new roof.
      307 E North St, Kendallville, IN 46755
      View Details
    • $420,000
      0.53 Acres

      Kendallville Industrial Building on State Road

      5,461 sq ft commercial/industrial building on 0.53 acres.
      701 Krueger St, Kendallville, IN 46755
      View Details
    • $240,000
      0.14 Acres

      Historic Downtown Kendallville Mixed-Use Property

      Over 6,000 sq ft commercial property with endless potential.
      211/213 S Main St, Kendallville, IN 46755
      View Details
    • $230,000
      0.31 Acres

      Kendallville House of Worship For Sale

      House of worship with seating, classrooms, kitchen, and dining.
      321 E Mitchell St, Kendallville, IN 46755
      View Details
    • New
      $210,000
      3,696 SF

      Kendallville Mixed-Use Brick Building

      Free-standing brick building with retail and residential opportunity.
      111 E Rush St, Kendallville, IN 46755
      View Details
    • $364,000
      Pending

      Historic Theater in Downtown Kendallville

      Well-known commercial building in high-visibility downtown location.
      221 S Main St, Kendallville, IN 46755
      View Details
    • $214,900
      6,663 SF

      Downtown Kendallville Commercial Retail Property

      Prime commercial building in downtown Kendallville, ideal for various business ventures.
      104 S Main St, Kendallville, IN 46755
      View Details
    • Contact for pricing
      684 SF

      Scooter’s Coffee NNN Investment Opportunity

      Absolute NNN lease with corporate guaranty and rental increases.
      621 E St N, Kendallville, IN
      View Details
    • Contact for pricing
      179,160 SF

      Kendallville Industrial Manufacturing Facility

      Premier industrial property ideal for manufacturing with expansion potential.
      2605 Marion Dr, Kendallville, IN 46755
      View Details
    • Contact for pricing
      36,100 SF

      Kendallville Warehouse with Planned Roof

      Industrial warehouse in Kendallville, Indiana, with new roof planned.
      6886 N 400 E, Kendallville, IN 46755
      View Details
    • $1,325,000

      Kendallville Commercial Site For Sale

      Prime commercial site with retail and warehouse space available.
      904 W North St, Kendallville, IN 46755
      View Details
    • $250,000

      Kendallville Commercial Building For Sale

      Spacious Worship Center, Ample Amenities
      321 Mitchell St, Kendallville, IN 46755
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial property with pole barn and office space in Kendallville.
    Where is this mixed-use property located?
    The property is located at 307 N Park Ave Kendallville, IN.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: - High-traffic location ensures excellent visibility and accessibility.; - Versatile 30x30' pole barn (built in 2021) with three garage doors.; - Includes dedicated office space with a restroom.
    (260) 582-9074
    Request Owner's contact information
    307 N Park Ave Kendallville, IN 46755
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    307 N Park Ave
    Kendallville, IN 46755
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    307 N Park Ave Kendallville, IN 46755
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Logan Conley
    Real Estate License ID: RB23000922
    (260) 582-9074 (260) 489-3336
    Learn more
    Google sign-in failed. Please try again or use another login method.