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    320 Lincolnway Osceola, IN 46561

    For Sale
    $600,000

    Prime Osceola office, high traffic location.

    Property size:
    4,928 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4,928 square foot office building, situated on a 1.93-acre lot in Osceola, Indiana, presents a compelling investment opportunity. Built in 1973, the property boasts a desirable location at the high-traffic, signalized intersection of Lincolnway East and County Line Road, ensuring excellent visibility and accessibility. The building is zoned C-Commercial (County) and is currently configured as a traditional office space, also suitable for medical office use. Adding to its versatility, the property includes an additional 3,200 square feet of finished basement space, offering significant potential for expansion or adaptation. The property's size, location, and zoning make it suitable for potential retail redevelopment. However, any sale will include a deed restriction prohibiting the future development of a gas station, convenience store, or similar operation. This restriction ensures the long-term viability and desirability of the surrounding area. The property is offered at an asking price of $600,000 and is leased under a NNN (Net, Net, Net) agreement. This presents a unique opportunity to acquire a well-located, versatile commercial property with significant upside potential in a growing market. The property's strategic location and flexible zoning make it an ideal investment for both established businesses and forward-thinking developers.

    Property Features for 320 Lincolnway

    General Information

    Property type
    Medical offices
    Square Feet
    4,928 SF
    Lot Size
    84,071 SF

    Building Details

    Year Built
    1973
    Buildings
    1

    HighLights

    • 4,928 SF office building with 3,200 SF finished basement.
    • Suitable for medical or general office use.
    • High‑traffic corner location at Lincolnway E and County Line Rd.
    • Zoned for potential retail redevelopment.
    • Sale contingent on deed restriction prohibiting gas station/convenience store development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    John Graham Orthopedic Surgeon John Maitlin Graham Orthopedic Surgeon

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Osceola
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.06161182
    Latitude
    41.66410931

    Nearby Comparable

    • $229,000
      0.43 Acres

      Versatile Commercial Property in Osceola

      Multi-use property ideal for auto sales, mechanics, storage, or showroom.
      213 W Lincolnway Hwy, Osceola, IN 46561
      View Details
    • $2,900,000
      148.00 Acres

      148 Acres Vacant Land Elkhart

      148 acres of vacant land suitable for residential or agricultural.
      1 Indiana Ave County Rd, Elkhart, IN 46517
      View Details

    Nearby Similar for Sale

    • $229,000
      0.43 Acres

      Versatile Commercial Property in Osceola

      Multi-use property ideal for auto sales, mechanics, storage, or showroom.
      213 W Lincolnway Hwy, Osceola, IN 46561
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Osceola office, high traffic location.
    Where is this medical office located?
    The property is located at 320 Lincolnway Osceola, IN.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 4,928 SF office building with 3,200 SF finished basement.; Suitable for medical or general office use.; High-traffic corner location at Lincolnway E and County Line Rd.
    Request Owner's contact information
    320 Lincolnway Osceola, IN 46561
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    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
    320 Lincolnway Osceola, IN 46561
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