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Property profile & analytics
FOR SALE
Office Spaces

1611 Pheasant Run Huntertown, IN 46748

5,898 SF 0.8 ac lot Built 1984
Entity Owned 14-yr Hold Free & Clear
Property ID
US31-0496447
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1984
Construction WOOD
Total area 5,898 SF
Lot 0.8 ac (34,848 SF)
APN 02-02-17-376-007.000-058
UPID US31-0496447
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Willinda Holdings LLC · 14 yrs held
Willinda Holdings LLC
since 2011
2 recorded transactions
2023
Price N/A
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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