841 Lincolnway St Donaldson, IN 46563
This exceptional mixed-use commercial property, located at 841 E Lincolnway St, Plymouth, IN 46563, presents a compelling investment opportunity. The 6,368 square foot building, constructed in 1940, sits on a 0.39-acre lot (70x240 feet) and features a single story with a slab foundation and poured concrete construction. The exterior is a blend of brick and block. Inside, you'll find 2,000 square feet of finished office space, currently leased, generating a gross monthly rent of $1,850. The building also includes a three-bay garage and an efficiency apartment, offering additional income potential. The remaining space provides ample warehouse area with high ceilings (8 feet) and versatile possibilities. The property boasts central air conditioning and gas forced-air heating, three restrooms, paved off-street parking, security lighting, and fire doors. City utilities, including water and sewer, are readily available. Located in an enterprise zone, this property benefits from a prime location on Lincolnway East and East Jefferson Street, offering excellent visibility and accessibility. The asking price is $529,000. This property is situated in Marshall County, Indiana, and is platted. The building's construction includes concrete and drywall interior walls, carpet, ceramic tile, and concrete flooring. The roof is rubber. The driveway is asphalt. The property includes the building itself.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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