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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

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.**
More about this property
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