Property profile

1 East Church St Cambridge City, IN 47327

FOR SALE
Medical Office Space
Property ID
US31-2227765
6,000 SF 0.2 ac lot Built 1900
Individually Owned 4-yr Hold ~ Est. High Equity
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1 East Church St, Cambridge City, IN 47327 For Sale
$249,900 6,000 SF
1 East Church St, Cambridge City, IN 47327
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Property summary

AI-generated overview

This exceptional 6,000-square-foot commercial office building, located at 1 E Church St in historic downtown Cambridge City, Indiana, presents a unique investment opportunity. Built in 1900 and extensively renovated in 2019, this three-story building offers a blend of classic architectural details and modern amenities. The property features a standing seam metal roof, energy-efficient vinyl windows, updated electrical and HVAC systems, and CAT 5 cabling throughout. Inside, you'll find multiple office spaces, several conference rooms, and custom mahogany doors and trim, adding to its character and functionality. The building also boasts two separate stairwells providing access to the second and third floors, and multiple restrooms are conveniently located on the first and second floors. Outside, a concrete parking lot provides ample parking for over a dozen vehicles. Situated on a 0.196-acre lot, this move-in ready building is ideally suited for a variety of uses, from traditional office space to service-oriented businesses. The asking price is $299,900, with a price per square foot of $49.98. This property offers a rare combination of historical significance, modern functionality, and excellent location in the heart of Cambridge City, Indiana (zip code 47327). Don't miss this chance to own a piece of Cambridge City history.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1900
Construction WOOD
Total area 6,000 SF
Lot 0.2 ac (8,538 SF)
Zoning code ZO01
APN 89-08-27-240-330.001-016
UPID US31-2227765

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1 East Church St Cambridge City, IN 47327
Cambridge City metro Census 10600 RICHMOND, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2013
Price N/A

Zoning & alternative use

ZO01 · Cambridge City, IN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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