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 (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.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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.