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Property profile & analytics
OFF-MARKET
Medical Office Space

365 Celestine S Rd Celestine, IN 47521-9709

1,812 SF 0.16 ac lot Built 1979
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-2378451
Property summary
AI-generated overview

This exceptional commercial opportunity in Celestine, Indiana, presents a solid investment prospect. The all-brick building is situated on a 0.16-acre lot at 365 N Celestine Road S, just one block from Highway 164, ensuring high visibility and convenient access. Currently configured as two separate office suites, the property boasts long-term tenants, providing immediate and consistent rental income. The building's construction is durable and well-maintained, minimizing potential maintenance costs. The strategic location near Highway 164 offers excellent exposure to a significant volume of traffic, enhancing the property's appeal to both current and future tenants. This presents a rare chance to acquire a stable, income-generating commercial property in a desirable location. The asking price of $155,000 reflects the building's strong potential for return on investment. Interested parties are encouraged to schedule a viewing to fully appreciate this opportunity. The property's size is not specified in the provided information.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1979
Construction WOOD
Total area 1,812 SF
Lot 0.16 ac (6,970 SF)
APN 19-08-31-402-518.000-009
UPID US31-2378451
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
  • Riecker Chiropractic Alternative Medicine Practice
  • United States Postal Service Post Office Logistics Service
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
Carpenter Rentals LLC · 3 yrs held
Carpenter Rentals LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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