Property profile

403 Erie Pass Auburn, IN 46706

FOR LEASE
Banks
Property ID
US31-1047877
2,016 SF 0.9 ac lot Built 1996
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This single-tenant, 2,016 square foot retail building in Auburn, Indiana, presents a unique investment opportunity. Situated on 0.9 acres and built in 1996, the property features a convenient drive-up window with three lanes and ample parking, including ADA-accessible spaces. The building's interior boasts abundant natural light, private offices, a large conference room, a secure vault, and a spacious lobby. Its C1 zoning allows for diverse uses, including office, restaurant, or retail. The property is strategically located across from Parkview DeKalb Hospital, a major local employer, ensuring high visibility and potential customer traffic. The building is a single-story structure with 24 total parking spaces and 220-volt power. This property offers a compelling combination of functionality, location, and potential for various business ventures. The building's size and amenities make it suitable for a range of businesses seeking a well-equipped and conveniently located space in a thriving community. The property is located at 403 Erie Pass, Auburn, IN 46706.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1996
Construction WOOD
Total area 2,016 SF
Lot 0.9 ac (39,204 SF)
APN 17-06-28-377-010.000-025
UPID US31-1047877

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

403 Erie Pass Auburn, IN 46706
Auburn metro Census 20400 AUBURN, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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