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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 (APN: 44-07-19-300-001.049-002) and is currently vacant, offering significant value-add potential. The property is zoned B-4, allowing for mixed-use possibilities, including the potential conversion of upper-level space into apartments. The existing commercial space is well-maintained and in good condition, and includes additional storage. The asking price is $699,000, translating to $54.59 per square foot. While currently vacant, the property offers a strong foundation for a variety of commercial uses. Its prime downtown location and historic character make it an attractive proposition for investors seeking a unique and potentially high-return investment. The building's solid structure and ample space provide a blank canvas for creative redevelopment. This is a rare opportunity to acquire a substantial commercial property in a desirable Indiana location.

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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