22706 Front St Woodburn, IN 46797
- Commercial real estate
- 0.48 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 22706 Front St
- Year built
- 1960
- Lot size
- 0.48 lot acres
- Property type
- Commercial real estate
Description
This exceptional commercial property at 22706 Front Street, Woodburn, IN, presents a lucrative investment opportunity. Situated on a 0.48-acre lot, this I2-zoned property boasts a versatile layout ideal for a variety of commercial uses. The main building features a well-appointed office space complete with a bathroom and hot water heater, providing comfortable and functional workspace. A substantial storage area complements the office, offering ample space for inventory or equipment. The highlight is a large (80x32) shop area, perfect for workshops, light manufacturing, or storage. Adding significant passive income potential, the sale includes 33 individual storage units, comprising six 5'x10' units, seventeen 10'x10' units, and ten 10'x20' units. An additional, unfenced lot zoned R1 offers further development possibilities, expanding the potential uses and return on investment. This property is priced at $375,000 and represents a rare chance to acquire a multi-faceted commercial asset in a desirable Woodburn location. The combination of office space, shop area, and income-generating storage units makes this a truly unique and attractive investment prospect. Don't miss this chance to secure a strong foothold in the Woodburn commercial market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Woodburn
- County
- Allen
- State
- Indiana
- Longitude
- -84.8493
- Latitude
- 41.1285
