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    OFF-MARKET
    Industrial properties

    403 Melville St, Rensselaer, IN 47978-2324

    2,016 SF 0.45 ac lot Built 1990
    Entity Owned Free & Clear
    Property ID
    US31-2822806
    Property summary
    AI-generated overview

    This single-story, 2,016 square foot industrial office building presents a compelling investment opportunity in Rensselaer, Indiana. Built in 1990, the property sits on a 19,646 square foot lot and is zoned Industrial-2, allowing for diverse uses. The interior boasts flexible office space currently configured into eight individual offices, a reception area, meeting/conference space, kitchenette, a three-quarter bath, and a half-bath. The building's location in Rensselaer offers convenient access to transportation and infrastructure. The asking price is $249,900, translating to $123.96 per square foot. Detailed permitted zoning information is available upon request, outlining uses permitted under the I-2 zoning classification. This well-maintained property is ideal for a variety of businesses, including manufacturing, contracting/construction offices, and distribution operations. The property's versatile layout and strategic location make it an attractive option for entrepreneurs and established businesses alike. The property's address is 403 N Melville St, Rensselaer, IN 47978. The Assessor's Parcel Number (APN) is 37-07-20-000-001.055-027.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1990
    Construction WOOD
    Total area 2,016 SF
    Lot 0.45 ac (19,646 SF)
    Zoning code BUFF
    APN 37-07-20-000-001.055-027
    UPID US31-2822806
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    CLINT JOHNSON LLC
    CLINT JOHNSON LLC
    Zoning & alternative use
    BUFF · Rensselaer, IN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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