248 Monroe StDecatur, IN 46733

Property Details for 248 Monroe St

Year built

1962

Lot size

0.38 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

01-05-03-201-068.000-022

APU

10503201068000022

Description

This exceptional investment opportunity presents a 43,169 square foot, single-tenant office building located at 248 W Monroe St, Decatur, Indiana, 46733. The property, situated on a 0.58-acre lot, is a Class B building constructed in 1975 and boasts a desirable C-1 zoning classification. Currently operating at 100% occupancy, this sale-leaseback opportunity offers a strong, immediate return on investment. The asking price is $1,500,000, translating to $34.75 per square foot. The building consists of a single structure and features a traditional office layout. The property's Adams County location and address provide excellent access to local amenities and transportation networks. This sale-leaseback structure provides a unique opportunity for investors seeking a stable, income-generating asset with a long-term tenant in place. The property's parcel numbers are 01-05-03-201-068.000-022, 01-05-03-201-068.000-022. This is a rare chance to acquire a well-maintained, fully occupied office building in a thriving Indiana market.

Location Insight

City

Decatur

County

Adams

State

Indiana

Latitude

40.8316

Longitude

-84.9252

CBSA code

19540

CBSA name

DECATUR, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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