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Property profile & analytics
OFF-MARKET
Office Spaces

221 Grn St Crawfordsville, IN 47933-1702

4,954 SF 0.66 ac lot Built 1951
Entity Owned 4-yr Hold Free & Clear
Property ID
US31-0324291
Property summary
AI-generated overview

This exceptional commercial property, the former Horner's Corner Building, is situated in the heart of Crawfordsville, Indiana. The 13,435 square foot building offers nine versatile rental units, eight of which are currently under lease, generating a substantial monthly rental income of $10,400. With the potential to reach $11,800 per month at full occupancy, this property presents a compelling investment opportunity. The building features a newly blacktopped parking lot providing 49 striped parking spaces, plus an additional six covered spaces leased to a neighboring business. A significant portion of the building, 8,234 square feet, was newly constructed in 2022, while the remaining space underwent a complete renovation in 2021. This ensures modern, high-quality, and adaptable spaces for tenants. The property sits on a 0.85-acre lot and is priced at $1,515,000. This is a rare chance to acquire a key piece of Crawfordsville's thriving downtown commercial area, offering both immediate income and significant long-term potential. The combination of nearly full occupancy, recent renovations, and ample parking makes this a truly attractive investment.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1951
Construction TYPE NOT SPECIFIED
Total area 4,954 SF
Lot 0.66 ac (28,880 SF)
APN 54-17-32-224-001.000-030
UPID US31-0324291
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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Blend (final) Blend
by Request
Owner & transaction history
3b2g Properties LLC · 4 yrs held
3b2g Properties LLC
since 2021
4 recorded transactions
2024
Price N/A
2021
Price N/A
2019
Price N/A
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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