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    204 Plymouth St Bremen, IN 46506

    For Sale
    $299,900

    Prime Medical/Professional Office Space

    Property size:
    4,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Class A office building, located at 204 E Plymouth St, Bremen, IN 46506, presents a unique investment opportunity. The 4,120 square foot building, constructed in 1900 and situated on an 11,088 square foot corner lot, boasts a 10% cap rate and is currently 100% occupied. The property features a multi-tenant setup, with the upper level currently leased as a residential apartment, generating additional income. The main level is ideally suited for a medical practice, pre-wired for x-ray equipment, and offers ample parking and ADA accessibility. The C1 zoning allows for diverse uses, including attorney's offices, CPA firms, small businesses, or even an internet cafe. The building has been meticulously maintained and offers a large two-bedroom apartment with a separate entrance. This three-story building represents a strong investment with significant potential for growth and diverse income streams. The property's location in Bremen, Indiana, provides convenient access to local amenities and a thriving community. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. The asking price is $299,900. The APN is 50-53-35-203-793.000-006. Net lease terms are available.

    Property Features for 204 Plymouth St

    General Information

    Property type
    Medical offices
    Square Feet
    4,120 SF
    Class
    A

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    3

    HighLights

    • $299,900 asking price for a Class A office building.
    • 4,120 square feet of net rentable space in a multi‑tenant building.
    • 10% cap rate with 100% occupancy.
    • Built in 1900, this three‑story building sits on an 11,088 square foot lot in Bremen, Indiana.
    • Zoned C1, with a broker co‑op available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wiliam G. Garl, ... Chiropractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bremen
    County
    Marshall
    State
    Indiana
    Longitude
    -86.14513385
    Latitude
    41.44651379

    Nearby Comparable

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    Nearby Similar for Sale

    • $446,000
      6,104 SF

      Corner Lot with Three Units

      Well-maintained corner lot with three units, great for investment.
      125 S Stewart St, Bremen, IN 46506
      View Details
    • $2,100,000
      60,414 SF

      Industrial Warehouse on Large Parcel

      60,414 SF warehouse on 7.74 acre parcel for sale.
      425 Industrial Dr, Bremen, IN 46506
      View Details
    • $1,200,000
      31,297 SF

      Industrial Property with Development Potential

      Industrial property on 2.7 acres with heavy power.
      1729 W Dewey St, Bremen, IN 46506
      View Details
    • $220,000
      0.34 Acres

      Grocery Store Near Lake Access

      Grocery store, ice cream, and bait facility near Lake of Woods.
      2729 E Shore Dr, Bremen, IN 46506
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Medical/Professional Office Space
    Where is this medical office located?
    The property is located at 204 Plymouth St Bremen, IN.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: $299,900 asking price for a Class A office building.; 4,120 square feet of net rentable space in a multi-tenant building.; 10% cap rate with 100% occupancy.
    Request Owner's contact information
    204 Plymouth St Bremen, IN 46506
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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
    204 Plymouth St Bremen, IN 46506
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