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Corner 23-Unit Apartment Building
For Sale
Contact for pricing
Pending

400 North St, Logansport, IN 46947

Affordable apartment complex with 23 one-bed, one-bath units and undeveloped third and fourth floors.

Property SizeContact for details
Days on Market133

Property Features for 400 North St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Business Included Yes
Multifamily Units 23

Building Details

Stories 4
Tenancy Multi
Listing Agency: Bradley Company Indianapolis
Listed By: Michael B. Drew · License #IN RB14004113
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Aug 21 at 3:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bradley Company Indianapolis

Investment Insights

Based on property information with market context.

Corner North is a corner apartment complex with 23 one-bedroom, one-bath units and expansive common areas. The property also includes undeveloped third and fourth floors, offering additional space that has not been finished as of now.

Located at 400 North St in Logansport, IN, the property receives tenants through Four County, a non-profit Community Mental Health Center serving rural Central Indiana for over 45 years. In-place rents are currently $629 per unit, and rents have not been raised in the last year.

Corner North may also accept vouchers from other affordable programs, supporting continued access to affordable housing funding sources.

Key Highlights

  • Affordable apartment complex with 23 one‑bed, one‑bath units
  • Undeveloped third and fourth floors offer additional development potential
  • Currently in‑place rents are $629 per unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Skin Care Clinic Accounting Firm Storage Facility

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

23
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

829
Businesses Nearby

Demographics for 46947, IN

28,295
Population
12,113
Households
2.3
Avg Household Size
40
Median Age
16%
College-Educated
84%
High-School Grad
190.3 sq mi
ZIP Area
149
Density / Sq Mi
$55,088
Median Household Income
$35,848
Median Earnings
$791
Median Rent
$110,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Affordable apartment complex with 23 one-bed, one-bath units and undeveloped third and fourth floors.
Where is this apartment building located?
The property is located at 400 North St Logansport, IN.
What are key features of this property?
This property features: Affordable apartment complex with 23 one‑bed, one‑bath units; Undeveloped third and fourth floors offer additional development potential; Currently in‑place rents are $629 per unit
More about this property
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