413 Defiance St Howe, IN 46746
- Warehouses
- 4,122 SF
- 0.10 lot acres
Current Use by Public Records
- Warehouses
Property Details for 413 Defiance St
- Year built
- 1965
- Lot size
- 0.10 lot acres
- Property size
- 4,122 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This Howe, Indiana commercial property presents a unique investment opportunity. The 4,122 square foot building, constructed in 1965 and renovated in a recent year, sits on a 0.1-acre lot and features two units, each with 1,000 square feet of net rentable space. Priced at $250,000 ($125,000 per unit), this property offers a price per square foot of $60.65. The building boasts a two-story design with a 9-foot ceiling height and includes seven parking spaces. Currently, a single tenant occupies a portion of the building under a net lease agreement commencing April 1, 2024, and expiring April 1, 2025 (0.4 years remaining). The property is zoned for Commercial General use and offers ample space for various business ventures. The building lacks loading docks and dock-high doors. This property is an excellent choice for investors seeking a versatile commercial space in a desirable location. The existing tenant provides immediate rental income, while the remaining space offers significant potential for expansion or additional rental opportunities. The property's location in Howe, Indiana, provides easy access to local amenities and transportation routes. This is a rare opportunity to acquire a well-located commercial property with immediate income potential and significant upside.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Howe
- County
- LaGrange
- State
- Indiana
- Longitude
- -85.4213
- Latitude
- 41.7203
