118-122 Detroit St Lagrange LaGrange, IN 46761
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 and is zoned B-4. The property features multiple tenancies, offering flexibility for various uses. Currently, there is recently vacated commercial space available, presenting a significant value-add potential. The existing commercial space is well-maintained and in good condition. The building's mixed-use capability allows for the possibility of developing apartments on the upper floor, further enhancing its investment appeal. Additional storage is included on the property. The sale price is $699,000, translating to $54.59 per square foot. Alternatively, the property is available for lease at a rate of $12.00 per square foot per year, NNN. The property's APN is 44-07-19-300-001.049-002, and it is located in LaGrange County, Indiana, zip code 46761. This historic building offers a unique blend of character and potential, making it an ideal investment for discerning buyers or tenants seeking a prime location in LaGrange.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.