118-122 Detroit St Lagrange LaGrange, IN 46761
- Office Properties & Spaces
- 12,804 SF
- 0.13 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 118-122 Detroit St Lagrange
- Year built
- 1890
- Lot size
- 0.13 lot acres
- Property size
- 12,804 SF
- Property type
- Office Properties & Spaces
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- LaGrange
- County
- LaGrange
- State
- Indiana
- Longitude
- -85.418
- Latitude
- 41.6446
