1611 Pheasant Run Huntertown, IN 46748
For Sale
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This exceptional Huntertown, IN property offers 2 buildings totaling 6258 square feet on a 0.8-acre lot. The main building, a 2843 sq ft structure built in 1984, boasts 14-foot ceilings, a remodeled kitchen and baths (2018), a new roof (2015), and a new HVAC system (2019). It features a large great room, a main floor bedroom or office, and a fully remodeled upstairs. The attached 2800 sq ft garage/workshop area includes two overhead doors, workbenches, and built-in cabinets. A second, 3415 sq ft pre-engineered steel frame building, also with 14-foot ceilings, offers two 12-foot overhead doors, two full baths, and an upstairs office area. Both buildings benefit from three-phase power and ample parking. The property is zoned C-3 and enjoys a prime location near the new Parkview location in Huntertown. This versatile property, priced at $1,125,000 ($395.71/sq ft, $562,500/unit), presents a significant investment opportunity with multiple potential uses. The property includes two units and is classified as Class B. The Allen County location provides easy access to key transportation routes. This is a rare opportunity to acquire a well-maintained, multi-use industrial property with significant income potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.