15400 In-60, Borden, IN 47106
This exceptional self-storage facility in Borden, Indiana, presents a lucrative investment opportunity. Located at 15400 IN-60, this property encompasses approximately 11 acres, including 1.5 acres developed with a 49-unit self-storage complex and 7 RV/camper pads. The facility has undergone a major rehabilitation, boasting a new security camera system, LED security lighting, updated fencing, a coded security gate, and new doors. The asphalt parking lot has been expanded and improved. A smaller 25x35 building features a new concrete floor and a separate rear overhead slide door, complete with a city water meter. A comprehensive 24/7 excess management software system is in place, streamlining operations and receivables. The property also includes a flat, rocked area ideal for future expansion, potentially accommodating warehousing or additional RV/camper/boat storage. Its strategic location adjacent to Deam Lake State Park offers significant growth potential. The asking price is $640,000, representing a price per square foot of $73.10. This turnkey operation is ready for immediate income generation. The property's recent upgrades and prime location make it an attractive investment for experienced operators seeking a high-return asset in a desirable market.
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
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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.