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    118-122 Detroit St Lagrange LaGrange, IN 46761

    For Sale
    $699,000

    Historic Downtown LaGrange Office Space. High Value-Add Potential.

    Property 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 (APN: 44-07-19-300-001.049-002) and is currently vacant, offering significant value-add potential. The property is zoned B-4, allowing for mixed-use possibilities, including the potential conversion of upper-level space into apartments. The existing commercial space is well-maintained and in good condition, and includes additional storage. The asking price is $699,000, translating to $54.59 per square foot. While currently vacant, the property offers a strong foundation for a variety of commercial uses. Its prime downtown location and historic character make it an attractive proposition for investors seeking a unique and potentially high-return investment. The building's solid structure and ample space provide a blank canvas for creative redevelopment. This is a rare opportunity to acquire a substantial commercial property in a desirable Indiana location.

    Property Features for 118-122 Detroit St Lagrange

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    12,804 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1890
    Buildings
    1
    Stories
    2

    HighLights

    • 12,804 SF office building in LaGrange, IN, on a 0.13‑acre lot.
    • Built in 1890, two‑story, currently vacant.
    • Zoned B‑4, allowing mixed‑use potential.
    • Asking price: $699,000 ($54.59/SF).
    • Prime downtown location with strong redevelopment potential.
    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

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    Nearby Similar for Sale

    • $250,000
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      Updated Office Building Near Downtown

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      116 E Wayne St, Lagrange, IN 46761
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    • $425,000
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      Restaurant and Apartment in Lagrange

      Restaurant/bar with equipment, liquor license, and updated upstairs apartment.
      112 Spring St E, Lagrange, IN 46761
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    • $160,000
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      Lagrange Commercial Building - High Traffic

      Prime Retail Space, High Visibility, 1.35 Acres
      1110 Detroit St, Lagrange, IN 46761
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Historic Downtown LaGrange Office Space. High Value-Add Potential.
    Where is this office property / space located?
    The property is located at 118-122 Detroit St Lagrange LaGrange, IN.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 12,804 SF office building in LaGrange, IN, on a 0.13-acre lot.; Built in 1890, two-story, currently vacant.; Zoned B-4, allowing mixed-use potential.
    Request Owner's contact information
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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
    118-122 Detroit St Lagrange LaGrange, IN 46761
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