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    406 Smaltz Way Auburn, IN 46706

    Sponsored
    For Lease
    $25 SF/Yr ($14,687 /Mo)

    7,050 SF Retail Center, 3 Suites Available

    Lot size:
    7,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class A retail strip center, located at 406 Smaltz Way in Auburn, Indiana, presents a compelling investment opportunity. Built in 2022, the property boasts a total of 7,050 square feet across three suites, offering flexibility for various retail businesses. One suite, measuring 1,895 square feet, is currently available. The center sits on a 1.06-acre lot and provides ample parking with 35 spaces. Its convenient location at the intersection of SR 8 & Smaltz Way ensures high visibility and accessibility for customers. The property is zoned C-2, allowing for a wide range of commercial uses. The single-story building features modern construction and is well-maintained. The property's APN is 17-05-36-200-053.000-012, and it is situated in DeKalb County, Indiana, with a zip code of 46706. This is a rare opportunity to acquire a high-quality, newly constructed retail property in a thriving market. The property's strategic location and modern amenities make it an ideal investment for both owner-occupiers and investors seeking a strong return. The absence of elevators is noted, but the single-story design ensures easy access for all tenants and customers.

    Property Features for 406 Smaltz Way

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,050 SF
    Class
    A
    Total Rate
    14687.5

    Building Details

    Year Built
    2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 301
    Size
    1,895 SF
    Rate per SF
    $25

    HighLights

    • 7,050 SF Class A retail strip center built in 2022, located at 406 Smaltz Way, Auburn, IN.
    • Last 1,895 SF suite available, in white‑box condition with drive‑thru potential.
    • High visibility location at SR 8 & Smaltz Way intersection, with over 34,000 vehicles passing daily.
    • Strong tenant mix including Farmers & Merchants State Bank and T‑Mobile, situated within a Home Depot development near new restaurants and medical facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    F&M Bank - Auburn Bank

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    DeKalb
    State
    Indiana
    Longitude
    -85.085501449447
    Latitude
    41.364577406887

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    FAQs

    What type of property is this?
    Neighborhood center - 7,050 SF Retail Center, 3 Suites Available
    Where is this neighborhood center located?
    The property is located at 406 Smaltz Way Auburn, IN.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 7,050 SF Class A retail strip center built in 2022, located at 406 Smaltz Way, Auburn, IN.; Last 1,895 SF suite available, in white-box condition with drive-thru potential.; High visibility location at SR 8 & Smaltz Way intersection, with over 34,000 vehicles passing daily.
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    406 Smaltz Way 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
    406 Smaltz Way Auburn, IN 46706
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