413 Defiance St Howe, IN 46746

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.