248 Monroe St Decatur, IN 46733-1607
- Parking lots & garages
- 0.38 lot acres
Current Use by Public Records
- Parking lots & garages
Property Details for 248 Monroe St
- Year built
- 1962
- Lot size
- 0.38 lot acres
- Property type
- Parking lots & garages
- APN
- 01-05-03-201-068.000-022
- APU
- 10503201068000022
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Adams
- State
- Indiana
- Longitude
- -84.9252
- Latitude
- 40.8316
- CBSA code
- 19540
- CBSA name
- DECATUR, IN MICROPOLITAN STATISTICAL AREA
