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Property profile & analytics
OFF-MARKET
Office Spaces

290 Hilliard St Wheatfield, IN 46392

6,240 SF 3.15 ac lot Built 1980
Individually Owned 1-yr Hold Free & Clear
Property ID
US31-0007994
Property summary
AI-generated overview

This exceptional 6,240-square-foot office building presents a compelling investment opportunity in Wheatfield, Indiana. Situated on a spacious 3.15-acre lot just off Highway 49, this single-story, Class B property boasts a steel siding and roof. Built in 1980, the building features ample parking and includes multiple offices, recreation rooms, large gathering spaces, a kitchen area, and several bathrooms. Recent upgrades include a new furnace and A/C system installed in 2022, and significant renovations in 2019 encompassing new windows, an updated A/C unit, kitchen remodel, new doors, a renovated restroom, and fresh paint throughout. The property is served by a well and septic system and is being sold AS-IS. The asking price of $325,000 translates to an attractive price per square foot, significantly lower than comparable new construction costs. This versatile property is ideally suited for traditional office use or offers potential for conversion into a flex space. Its convenient location near Highway 49 and Highway 10 provides excellent accessibility. The large lot provides ample room for expansion or future development. This is a rare opportunity to acquire a well-maintained, updated office building at a highly competitive price point.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1980
Construction WOOD
Total area 6,240 SF
Lot 3.15 ac (137,214 SF)
APN 37-16-25-000-075.002-034
UPID US31-0007994
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
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
Lisa Ann Dimery · 1 yrs held
Lisa Ann Dimery
since 2025
3 recorded transactions
2025
Price N/A
2024
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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