Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    118-122 Detroit St Lagrange LaGrange, IN 46761

    For Lease
    $12 SF/Yr ($12,804 /Mo)

    Historic Office Building, High Potential

    Lot size:
    12,804 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 12,804 square foot office building, located at 118-122 N. Detroit St. in LaGrange, Indiana, presents a compelling investment opportunity. Built in 1890, this two-story, traditional office building sits on a 0.13-acre lot and is zoned B-4. The property features multiple tenancies, offering flexibility for various uses. Currently, there is recently vacated commercial space available, presenting a significant value-add potential. The existing commercial space is well-maintained and in good condition. The building's mixed-use capability allows for the possibility of developing apartments on the upper floor, further enhancing its investment appeal. Additional storage is included on the property. The sale price is $699,000, translating to $54.59 per square foot. Alternatively, the property is available for lease at a rate of $12.00 per square foot per year, NNN. The property's APN is 44-07-19-300-001.049-002, and it is located in LaGrange County, Indiana, zip code 46761. This historic building offers a unique blend of character and potential, making it an ideal investment for discerning buyers or tenants seeking a prime location in LaGrange.

    Property Features for 118-122 Detroit St Lagrange

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,804 SF
    Total Rate
    12804

    Building Details

    Year Built
    1890
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    118-122 N. Detroit St.
    Size
    9,000 SF
    Rate per SF
    $12

    HighLights

    • 12,804 SF office building on a 0.13‑acre lot in LaGrange, IN.
    • Two‑story building, built in 1890, zoned B‑4.
    • Multiple tenancies with recently vacated space, offering value‑add potential.
    • Well‑maintained building with mixed‑use potential (apartments).
    • Includes additional storage; APN 44‑07‑19‑300‑001.049‑002.
    • $699,000 sale price ($54.59/SF) or $12.00/SF/year NNN lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    LaGrange
    County
    LaGrange
    State
    Indiana
    Longitude
    -85.41796059
    Latitude
    41.6445644

    Nearby Comparable

    • $1,900 /Mo
      2,662 SF

      Remodeled Retail/Office Space in Lagrange

      Recently remodeled retail or office space in a prime location.
      114 N Detroit St, Lagrange, IN 46761
      View Details
    • Contact for pricing

      Lagrange County Office Space For Lease

      Prime Office, High Visibility, 3 Rooms
      102 Michigan Office, LaGrange, IN 46761
      View Details
    • New
      $700 /Mo
      436 SF

      Office Space in Lagrange

      Office space with three rooms and a bathroom for rent.
      104 W Michigan St, Lagrange, IN 46761
      View Details
    • Contact for pricing

      Lagrange Office Space: Prime Location

      West Spring Street Office: Ideal Small Business Space
      111 Spring St, LaGrange, IN 46761
      View Details
    • New
      $500 /Mo
      224 SF

      Retail Space in Lagrange, IN

      Small retail space with rear entrance in central Lagrange.
      111 Spring St W, Lagrange, IN 46761
      View Details
    • $1,800 /Mo
      3,618 SF

      Retail Space in Howe, Indiana

      Retail property available for lease in Howe, Indiana.
      0010 W 815 N, Howe, IN 46746
      View Details

    Nearby Similar for Lease

    • New
      $500 /Mo
      224 SF

      Retail Space in Lagrange, IN

      Small retail space with rear entrance in central Lagrange.
      111 Spring St W, Lagrange, IN 46761
      View Details
    • New
      $700 /Mo
      436 SF

      Office Space in Lagrange

      Office space with three rooms and a bathroom for rent.
      104 W Michigan St, Lagrange, IN 46761
      View Details
    • $1,900 /Mo
      2,662 SF

      Remodeled Retail/Office Space in Lagrange

      Recently remodeled retail or office space in a prime location.
      114 N Detroit St, Lagrange, IN 46761
      View Details
    • Contact for pricing

      Lagrange Office Space: Prime Location

      West Spring Street Office: Ideal Small Business Space
      111 Spring St, LaGrange, IN 46761
      View Details
    • Contact for pricing

      Lagrange County Office Space For Lease

      Prime Office, High Visibility, 3 Rooms
      102 Michigan Office, LaGrange, IN 46761
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Historic Office Building, High Potential
    Where is this office property / space located?
    The property is located at 118-122 Detroit St Lagrange LaGrange, IN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 12,804 SF office building on a 0.13-acre lot in LaGrange, IN.; Two-story building, built in 1890, zoned B-4.; Multiple tenancies with recently vacated space, offering value-add potential.
    Request Owner's contact information
    118-122 Detroit St Lagrange LaGrange, IN 46761
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    118-122 Detroit St Lagrange
    LaGrange, IN 46761
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    118-122 Detroit St Lagrange LaGrange, IN 46761
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.