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Two-Story Office Building with Garage

119 N Cullen Street, Rensselaer, IN 47978

For Sale
New
$299,900

Commercial Sale, Rensselaer, IN

Property Size3,664 SF
Lot Size0.17 Acres
Price / SF$81.85
Days on Market1

Property Features for 119 N Cullen Street

General Information

Property type Commercial Sale
Property subtype Office
Parking 6
Parking features Driveway, Garage, On Street, Off Street
Security features Security Lighting
Interior features Entrance Foyer, Open Floorplan
Lot features Paved
Directions Bring Hwy 114 into town from I-65. The building is 1/2 block from stoplight corner of 114 and Washington St. Directly north of CVS parking lot.
Standard status Active
APN 370730015017265027
Size 3,664 SF
Lot size 0.17 Acres

Additional Details

Property Use Office

Taxes and HOA fees

Tax Year 2025
Tax Description ORIG PLAT LOT 9 BLK 15
Tax Annual Amount 2419
Legal Description ORIG PLAT LOT 9 BLK 15

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1900
Buildings 1
Listing Agency: Cornerstone Real Estate Agency
Listed By: Linda Hekkema · License IN RB14024389
Added: Nov 9 Last Checked: Nov 9 at 10:06AM
MLS# 848034

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 3,664-square-foot office building has two levels configured as separate rental spaces. The lower level includes five offices, a reception area, an open file and work area, two bathrooms, and a small kitchen. Renovated in 1992/93, it received new plumbing, electrical, windows, and HVAC, along with drywall, ceiling tile, and glass interior partitions. Upstairs are five offices, a conference room, a half bath, and a reception area; this suite has its own entrance at the front of the building.

Stone and stucco form the exterior, with a shingle roof above and a flat rubber roof over the rear garage area. An attached garage, paved parking, and a private paved drive are located behind the building. The 0.172-acre property is served by public water and public sewer. The sale is on an as-is basis.

Key Highlights

  • 3,664‑square‑foot, two‑level office building with two rental spaces
  • Lower floor renovated in 1992/93 with new plumbing, electrical, windows, and HVAC
  • Five offices, reception, open work area, two bathrooms, and kitchen on the lower level

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Donald Shelmon Law ... Law Firm Jasper County Abstract ... Title Company S Joslyn Law Law Firm

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

498
Businesses Nearby

Demographics for 47978, IN

10,815
Population
4,355
Households
2.5
Avg Household Size
42
Median Age
18%
College-Educated
91%
High-School Grad
263.7 sq mi
ZIP Area
41
Density / Sq Mi
$71,359
Median Household Income
$35,486
Median Earnings
$867
Median Rent
$180,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office building - Two separately accessed office suites offer private entrances, work areas, conference space, and on-site parking.
Where is this office building located?
The property is located at 119 N Cullen Street Rensselaer, IN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 3,664‑square‑foot, two‑level office building with two rental spaces; Lower floor renovated in 1992/93 with new plumbing, electrical, windows, and HVAC; Five offices, reception, open work area, two bathrooms, and kitchen on the lower level
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