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    403 Erie Pass Auburn, IN 46706

    Sponsored
    For Lease
    $22 SF/Yr ($3,696 /Mo)

    Versatile 2,016 sq ft retail/office space

    Lot size:
    2,016 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This single-tenant, 2,016 square foot retail building in Auburn, Indiana, presents a unique investment opportunity. Situated on 0.9 acres and built in 1996, the property features a convenient drive-up window with three lanes and ample parking, including ADA-accessible spaces. The building's interior boasts abundant natural light, private offices, a large conference room, a secure vault, and a spacious lobby. Its C1 zoning allows for diverse uses, including office, restaurant, or retail. The property is strategically located across from Parkview DeKalb Hospital, a major local employer, ensuring high visibility and potential customer traffic. The building is a single-story structure with 24 total parking spaces and 220-volt power. This property offers a compelling combination of functionality, location, and potential for various business ventures. The building's size and amenities make it suitable for a range of businesses seeking a well-equipped and conveniently located space in a thriving community. The property is located at 403 Erie Pass, Auburn, IN 46706.

    Property Features for 403 Erie Pass

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,016 SF
    Total Rate
    3696

    Building Details

    Year Built
    1996
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,016 SF
    Rate per SF
    $22

    HighLights

    • 2,016 SF single‑tenant retail building in Auburn, IN.
    • Located on a 0.9‑acre lot with ample parking, including ADA spaces.
    • Features a three‑lane drive‑up window.
    • Offers abundant natural light, private offices, a conference room, and a secure vault.
    • C1 zoning allows for diverse uses (office, restaurant, retail).
    • High visibility across from Parkview DeKalb Hospital.
    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
    Auburn
    County
    DeKalb
    State
    Indiana
    Longitude
    -85.035384316821
    Latitude
    41.369948583301

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    FAQs

    What type of property is this?
    Retail property - Versatile 2,016 sq ft retail/office space
    Where is this retail property located?
    The property is located at 403 Erie Pass Auburn, IN.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 2,016 SF single-tenant retail building in Auburn, IN.; Located on a 0.9-acre lot with ample parking, including ADA spaces.; Features a three-lane drive-up window.
    Request Owner's contact information
    403 Erie Pass Auburn, IN 46706
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    Auburn, IN 46706
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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
    403 Erie Pass Auburn, IN 46706
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