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Property profile & analytics
OFF-MARKET
Office Spaces

1631 Mcclain Ave Scottsburg, IN 47170-1161

3,840 SF 1.57 ac lot Built 1998
Individually Owned 6-yr Hold ~ Est. High Equity
Property ID
US31-1198450
Property summary
AI-generated overview

This exceptional investment opportunity presents a thriving self-storage facility in Scottsburg, Indiana. Boasting 141 enclosed storage units and 40 exterior parking spaces, this property generates substantial rental income with current monthly rents ranging from $50 to $155. All units are currently occupied, and a waiting list demonstrates strong demand. The property sits on over eight acres (subject to survey), offering significant potential for expansion. The main office building includes a reception area, a private office, and a restroom. Unit sizes vary, ranging from compact 5x6 units to larger 12x40 units, catering to a diverse clientele. The seller will consider a parcel split, offering the storage units and office building separately for $1,700,000 and the remaining ten-plus acres for $650,000. The property is subject to an easement, and a survey will be completed and recorded before closing. This turnkey operation presents a rare chance to acquire a profitable, established business with considerable growth potential. The high occupancy rate and existing waiting list underscore the strong market demand and the property's inherent value. Don't miss this chance to secure a lucrative investment in a rapidly growing market.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1998
Construction WOOD
Total area 3,840 SF
Lot 1.57 ac (68,520 SF)
APN 72-04-24-400-027.011-007
UPID US31-1198450
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
  • Roseland Storage Storage Facility
  • U-Haul Neighborhood Dealer Car Rental Facility
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
Duane E Hilderbrand · 6 yrs held
Duane E Hilderbrand
since 2020
4 recorded transactions
2022
Price N/A
2020
Price N/A
2016
Price N/A
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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