290 Hilliard St Wheatfield, IN 46392
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.