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404 Seymour St Kentland, IN 47951

OFF-MARKET Retail space Google Maps
10,682 SF 1.84 ac lot Built 1970
Entity Owned Free & Clear
Estimated value (blended)
$285k
Range $257k – $314k (±10%)
Property ID US31-2452149

Property summary

AI-generated overview

This exceptional commercial property, located at 404 W Seymour St in Kentland, Indiana, presents a remarkable investment opportunity. The 10,682 square foot building sits on a spacious 1.84-acre lot and is ideally situated directly on US24, offering unparalleled visibility and accessibility. Currently configured as a furniture store, this versatile space is adaptable to a wide range of commercial uses. The property features an open showroom, reception area, dedicated offices, workshops, and restrooms (including one with a shower). A substantial warehouse with a dock provides ample storage space. The building is equipped with dual furnaces, dual central air units, 3-phase electric, tinted storefront windows, and benefits from city water and sewage. A fully paved parking lot ensures convenient customer and employee parking. Its strategic location offers easy access to major transportation arteries, including US41 (1 mile), the Illinois border (3 miles), I-65 (16 miles), and I-57 (29 miles). This property is designated as an Opportunity Zone, presenting additional investment incentives. Built in 1970, this free-standing facility is ready for its next chapter. The property's size, location, and amenities make it an ideal choice for a variety of businesses seeking a prominent presence in a thriving community. The zip code is 47951.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Construction TYPE NOT SPECIFIED
Total area 10,682 SF
Lot 1.84 ac (79,998 SF)
APN 56-16-20-444-003.000-011
UPID US31-2452149

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$285k

Owner & transaction history

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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