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Property profile

305 Main St Rockport, IN 47635

FOR SALE
Office Spaces
Property ID
US31-1446059
2,052 SF 0.14 ac lot Built 2000
Individually Owned 7-yr Hold Free & Clear
No photos on file
For Sale
Contact for pricing 2,052 SF
305 Main St, Rockport, IN 47635-1417
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Property summary

AI-generated overview

This exceptional investment opportunity encompasses four distinct commercial buildings nestled in the heart of Historic Downtown Rockport, Indiana. The portfolio totals nearly 20,000 square feet of space and sits on a combined 0.58-acre lot. The centerpiece is 305 Main Street, a recently updated, approximately 2,000 square foot building boasting modern electrical systems and handicap accessibility. This building previously served as the Rockport branch of the DMV. Adding significant warehouse space is 315 North 3rd Street, a nearly 13,000 square foot building featuring decorative brickwork and a substantial lot at the rear. For smaller-scale operations, 112 North 3rd Street offers approximately 1,100 square feet with convenient side parking. Finally, 309 Main Street, the former Wetzels cafe, presents approximately 4,000 square feet, including a charming tin ceiling and original living quarters upstairs. All four properties are being sold as a single package

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2000
Construction WOOD
Total area 2,052 SF
Lot 0.14 ac (6,270 SF)
APN 74-15-26-201-149.000-018
UPID US31-1446059

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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