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Property profile & analytics
OFF-MARKET
Office Spaces

118-122 Detroit St Lagrange LaGrange, IN 46761

12,804 SF 0.13 ac lot Built 1890
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1890
Total area 12,804 SF
Lot 0.13 ac (5,663 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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