1026 7Th St Vincennes, IN 47591

This exceptional investment opportunity presents a 7,829 square foot, two-story self-storage facility located at 1026 N 7th St, Vincennes, IN 47591. Boasting 78 units within a single building on a 0.18-acre lot, this property offers significant potential for value appreciation. Currently operating at 64% occupancy, the facility generates a Net Operating Income (NOI) of $17,800, with a pro-forma NOI projected at $28,000. The asking price is $189,900, translating to $24.26 per square foot and $2,434.62 per unit. The property features a 10-foot ceiling height and benefits from recent renovations in 2005 and 2024, including an upgraded 4k camera system, a renovated office area, and LED lighting upgrades. The property is zoned C-1 and includes U-Haul franchise rights, pending completion of required training. Built in 1915, this fee-simple ownership offers a compelling 9.37% cap rate, with a pro-forma cap rate of 14.74%. The property's location provides excellent visibility, and the basement area presents further expansion possibilities. This is a rare opportunity to acquire a profitable, value-add storage facility with significant upside potential. The APN is 42-12-22-116-015.000-022.