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    1401 N 13Th St Decatur, IN 46733

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    For Sale
    $1,250,000

    Fully leased office building with long-term tenant.

    Property size:
    14,832 SF
    Lot size:
    1.33 Acres

    Property Features for 1401 N 13Th St

    General Information

    Size
    14,832 SF
    Lot size
    1.33 Acres

    Source: BND Commercial, LLC Agent David W. Nugent

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Decatur Office Building Investment

    This is a well-maintained office building with high visibility facing Hwy 27, the main north/south thoroughfare in Decatur, IN. The property has 14,832 square feet of space, with 9,000 square feet on the main level and an additional 5,832 square feet on the lower level. The building is currently leased to Adams Memorial Hospital, a long-term tenant. The property generates an annual net income of $99,225 with a 7.938% cap rate. The building is fully air-conditioned and includes paved parking for 53 vehicles. An electronic pylon sign is located on site. The property is within easy distance of shopping, restaurants and industrial businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Decatur Open MRI Mri Center StatCare (Urgent Care ... Urgent Care Center Adams Community Pharmacy Pharmacy Adams Behavioral Health ... Counselor Steve Bennett Optometrist

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Adams
    State
    Indiana
    Longitude
    -84.9382826
    Latitude
    40.8441903

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    FAQs

    What type of property is this?
    Office building - Fully leased office building with long-term tenant.
    Where is this office building located?
    The property is located at 1401 N 13Th St Decatur, IN.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Long-term lease with Adams Memorial Hospital provides stable income.; - Annual net income of $99,225 offers a strong return on investment.; - **7.938% cap rate indicates a potentially valuable investment.**
    (260) 704-3283
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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

    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.

    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
    1401 N 13Th St Decatur, IN 46733
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