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Commercial Building in North Webster

405 N Main St North Webster, IN 46555

405 N Main St, North Webster, IN, 46555

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For Sale

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4,500 SF commercial building with retail and warehouse space.

Property Size4,500 SF

Price / SF$64.22

AddedFeb 18

Days on Market146

Last RefreshJul 5 at 3:24 am

Property Features for 405 N Main St

General Information

Standard status: Active
Size: 4,500 SF
Property subtype: Retail, Industrial

Building Details

Year Built: 1985

Listing office SVN | Parke Group Fort Wayne

Listing date Feb 18, 2026

Source Crexi

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 SVN | Parke Group Fort Wayne

Investment Insights

Based on property information with market context.

This 4,500 SF commercial building is located in the center of North Webster. The building features an open retail area in the front, along with a restroom and storage/warehouse space in the back. This layout provides flexibility for various uses, including retail, professional services, office space, storage, or a showroom/warehouse. Situated on the main highway through North Webster, the property benefits from strong visibility and close proximity to restaurants, community amenities, lake attractions, and shopping, attracting both local residents and tourists. The location offers a prime opportunity for local business owners or investors looking to become part of a thriving commercial community.

Key Highlights

Prime location in the heart of North Webster with high visibility on the main highway.
Versatile 4,500 SF commercial building suitable for retail, professional services, office, storage, or showroom/warehouse.
Flexible layout with open retail area, restroom, and storage/warehouse space.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$27.0k	$6.00
− Vacancy	−$1.6k	−$0.36
EGI	$25.4k	$5.64
− OpEx	−$3.8k	−$0.85
NOI	$21.6k	$4.79

4,500 SF · lease $6.00/SF/yr · vacancy 6.00% · expense 15.00%

Alternative Uses

Best Use

Retail

$651.8K

$570.4K – $760.5K (±1% cap)

NOI $45,628 @ 7.0% cap · market cap 15.79%

Second Best

Mixed Use

$403.6K

$353.1K – $470.8K (±1% cap)

NOI $28,249 @ 7.0% cap · market cap 9.77%

Theoretical Best

Office A

$784.0K

$686.0K – $914.6K (±1% cap)

NOI $54,878 @ 7.0% cap · market cap 18.99%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Auto Value North ... Auto Parts Store Link Accounting Group Accounting Firm

Suggested Use

What type of property is this?

Mixed-use property - 4,500 SF commercial building with retail and warehouse space.

Where is this mixed-use property located?

The property is located at 405 N Main St North Webster, IN.

What is the asking price?

The asking price for this property is $289,000.

What are key features of this property?

This property features: Prime location in the heart of North Webster with high visibility on the main highway.; Versatile 4,500 SF commercial building suitable for retail, professional services, office, storage, or showroom/warehouse.; Flexible layout with open retail area, restroom, and storage/warehouse space.