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Property profile & analytics
OFF-MARKET
Medical Office Space

357 Nappanee St Nappanee, IN 46550-1625

3,342 SF 0.22 ac lot Built 1944
Individually Owned ~ Est. High Equity
Property ID
US31-0746486
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1944
Construction WOOD
Total area 3,342 SF
Lot 0.22 ac (9,496 SF)
Zoning code ZO01
APN 20-13-36-276-001.000-021
UPID US31-0746486
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
Current use
Occupant on record · Public records
  • Alvin Graber Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Dawn Beatty
Dawn Beatty
since 2025
2 recorded transactions
2025
Price N/A
2023
Price N/A
Zoning & alternative use
ZO01 · Nappanee, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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