357 Nappanee St Nappanee, IN 46550-1625
This exceptional 3,342 square foot office building presents a unique investment opportunity in the heart of historic Nappanee, Indiana. Priced at $250,000, this Class B property boasts a traditional office layout, perfect for a variety of businesses. Built in 1944, the building features several private offices, a welcoming reception area, and comfortable waiting spaces, providing ample room for staff and clients. The property sits on a prominent 0.218-acre corner lot, offering excellent visibility with monument signage. Convenient features include an attached carport for sheltered parking and a separate rear entrance for added accessibility. Located at 357 N Nappanee Street, this property enjoys a prime location just north of downtown Nappanee, less than a mile from State Road 19. The surrounding area is a mix of retail and residential properties, ensuring a vibrant and accessible environment. The permitted zoning is residential. The asking price per square foot is $74.81. This freestanding building offers a blend of classic charm and modern functionality, making it an ideal space for a business seeking a well-established location in a thriving community. The property is available for sale or lease.
-
Alvin Graber Pediatrician Physician
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
ZO01 · Nappanee, INNappanee. Always verify with local authorities before improvements.
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.