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Property profile & analytics
OFF-MARKET
Retail space

1110 Detroit St Lagrange, IN 46761-1131

1,779 SF 0.89 ac lot Built 1940
Individually Owned Absentee Owner Free & Clear
Property ID
US31-2459231
Property summary
AI-generated overview

This exceptional commercial property, located at 1110 N Detroit Street in Lagrange, Indiana, presents a unique opportunity for owner-users seeking high visibility and convenient access. Situated on a 1.35-acre lot (comprising two parcels: a 0.89-acre parcel featuring the main building and a 0.46-acre rear parcel), this single-story building offers a total of 1,779 square feet of space. The property boasts a prime location on busy Detroit Street (SR 9), ensuring high traffic volume and excellent exposure for any business. The building itself is divided into two main areas: 1,000 square feet of updated retail/office space, ideal for customer interaction and administrative functions, and 779 square feet of storage space equipped with two convenient garage doors – one located on the west side near a 400-square-foot carport, and the other situated at the rear of the building. The property is zoned B2 - Neighborhood Business, allowing for a variety of commercial uses. All public utilities are readily available. Previously used as an auto sales facility, this versatile building is ready for its next chapter. The combination of high visibility, ample space, and convenient location makes this an attractive investment for a wide range of businesses. The asking price is $160,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1940
Construction WOOD
Total area 1,779 SF
Lot 0.89 ac (38,768 SF)
APN 44-07-19-100-001.006-002
UPID US31-2459231
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
GLORIA TORRES
GLORIA TORRES
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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