Technical
Financial
Distress signals
Property profile

248 Monroe St Decatur, IN 46733

OFF-MARKET
Parking lots & garages
Property ID
US31-1913417
0.38 ac lot Built 1962
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 43,169 square foot, single-tenant office building located at 248 W Monroe St, Decatur, Indiana, 46733. The property, situated on a 0.58-acre lot, is a Class B building constructed in 1975 and boasts a desirable C-1 zoning classification. Currently operating at 100% occupancy, this sale-leaseback opportunity offers a strong, immediate return on investment. The asking price is $1,500,000, translating to $34.75 per square foot. The building consists of a single structure and features a traditional office layout. The property's Adams County location and address provide excellent access to local amenities and transportation networks. This sale-leaseback structure provides a unique opportunity for investors seeking a stable, income-generating asset with a long-term tenant in place. The property's parcel numbers are 01-05-03-201-068.000-022, 01-05-03-201-068.000-022. This is a rare chance to acquire a well-maintained, fully occupied office building in a thriving Indiana market.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1962
Lot 0.38 ac (16,632 SF)
APN 01-05-03-201-068.000-022
UPID US31-1913417

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

248 Monroe St Decatur, IN 46733-1607
Decatur metro Census 30300 DECATUR, IN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2017
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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