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Property profile & analytics
FOR LEASE
Office Spaces

1001 N Main St Nappanee, IN 46550

17,460 SF 3.19 ac lot Built 1978
Entity Owned 4-yr Hold Free & Clear
Property ID
US31-0625048
Property summary
AI-generated overview

This exceptional Union Township office property, situated on a generous 3.19-acre lot, offers a variety of flexible spaces ideal for businesses of all sizes. The building, constructed in 1970, boasts a total of 13,165 square feet, with 2,650 square feet currently vacant and available for immediate occupancy. Multiple tenancy options are available, ranging from a minimum of 371 square feet to a maximum contiguous space of 1,206 square feet. Three individual office spaces are currently available for lease. The property features a professionally landscaped exterior and enjoys convenient access from Main Street (SR 19), ensuring high visibility and easy accessibility for clients and employees. The building is designed to accommodate multiple tenants, providing individual private offices within a shared professional environment. This is a fantastic opportunity to establish or expand your business in a well-maintained and conveniently located office building in Elkhart County's thriving Union Township submarket. The property's location and amenities make it an attractive option for businesses seeking a professional and accessible workspace. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1978
Construction WOOD
Total area 17,460 SF
Lot 3.19 ac (138,739 SF)
Zoning code ZO01
APN 20-14-30-351-003.000-029
UPID US31-0625048
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Northwood Family Dentistry Dental Office
  • Northwood Physicians Inc Medical Clinic
  • Uniroyal-Naugahyde Auto Parts Store
  • Baumgartner Joe A DDS Dental Office
  • Fort Wayne Orthopedics Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.19M
Blend (final) Blend
$1.40M
Owner & transaction history
Karavantes Properties LLC · 4 yrs held
Karavantes Properties LLC
since 2022
3 recorded transactions
2022
Price N/A
2015
Price N/A
1969
Price N/A
Zoning & alternative use
ZO01 · Nappanee, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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