2379 Main St Bluffton, IN 46714-1057
- Office Properties & Spaces
- 6,142 SF
- 0.52 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 2379 Main St
- Year built
- 2019
- Construction
- WOOD
- Lot size
- 0.52 lot acres
- Property size
- 6,142 SF
- Property type
- Office Properties & Spaces
- APN
- 90-05-22-300-005.000-011
- APU
- 900522300005000011
Description
This exceptional commercial building, constructed in 2019, presents a compelling investment opportunity in Bluffton, Indiana. Boasting over 6,100 square feet of versatile space, the property is currently configured as five rental units, generating substantial annual income. Four office suites are complemented by a unique 600-square-foot heated garage, a standout feature with a 26-foot high ceiling and a 16' x 12' overhead door. Each unit benefits from independently controlled heating and cooling systems, utilizing high-efficiency gas furnaces for optimal tenant comfort and cost-effectiveness. Currently, one tenant occupies the building under a four-year lease, yielding over $29,000 annually, with built-in rent increases scheduled. The property's strategic location on St. Rd. 1, Bluffton's main north-side traffic corridor, ensures high visibility near Lowe's, maximizing exposure and attracting potential tenants. Further enhancing its appeal, additional land is available on-site, providing significant potential for future expansion and development. This meticulously maintained property, situated on a 0.61-acre lot, offers a rare blend of immediate income generation and long-term growth prospects. The asking price represents a significant discount from the original listing price, making this a truly exceptional investment opportunity.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bluffton
- County
- Wells
- State
- Indiana
- Longitude
- -85.1653
- Latitude
- 40.777
- CBSA code
- 14160
- CBSA name
- BLUFFTON, IN MICROPOLITAN STATISTICAL AREA
