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    257 High St Mooresville, IN 46158

    For Sale
    $650,000

    High-return storage facility with office.

    Property size:
    1,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity presents a fully-leased, 45-unit mini-warehouse complex situated on a 0.68-acre lot at 257 E High Street, Mooresville, Indiana. The property boasts a total of 1,800 square feet of rentable space, including a well-maintained office building. The warehouse units are secured by an automated gate and a perimeter security fence, enhanced by security lighting on each structure. Recent improvements include tuckpointing of the block buildings, a new roof, gutters, and exterior paint (2020), and a complete office renovation in 2024 featuring new HVAC, flooring, and trim. The office space itself offers approximately 1,800 square feet, a half-bath, a loft area, and versatile interior layouts. Currently, all storage units and the office space are rented, providing immediate cash flow for the investor. The property's self-managed nature minimizes operational overhead, making it an attractive and low-maintenance investment. Multiple unit sizes cater to a diverse range of tenant needs, ensuring consistent occupancy and rental income. This turnkey operation is ready for a new owner to step in and enjoy the benefits of a profitable and well-maintained commercial property. The asking price is $650,000.

    Property Features for 257 High St

    General Information

    Property type
    Investment properties
    Square Feet
    1,800 SF
    Lot Size
    29,621 SF

    Building Details

    Year Built
    2000
    Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mooresville
    County
    Morgan
    State
    Indiana
    Longitude
    -86.36882
    Latitude
    39.60953

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    FAQs

    What type of property is this?
    Investment property - High-return storage facility with office.
    Where is this investment property located?
    The property is located at 257 High St Mooresville, IN.
    What is the asking price?
    The asking price for this property is $650,000.
    (317) 210-9570
    Request Owner's contact information
    257 High St Mooresville, IN 46158
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    Mooresville, IN 46158
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    Realmo Value Estimation

    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

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    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.

    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
    257 High St Mooresville, IN 46158
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