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    FOR LEASE
    Office Spaces

    412 Maple St, Fortville, IN 46040-1679

    6,753 SF 0.21 ac lot Built 1946
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US31-1261119
    Property summary
    AI-generated overview

    This exceptional owner-user investment opportunity presents a 6,753 square foot, two-story office building situated on a 0.21-acre lot in the heart of Fortville, Indiana. Built in 1946, this Class B, multi-tenant property at 412 S Maple St boasts a desirable location on US 36/W Broadway Street, enjoying high visibility with approximately 193 feet of combined frontage. The building features a lobby, kitchenette, restrooms, and several private office suites, along with 8 on-site parking spaces and additional parking in a rear lot (20 spots). The property is zoned Commercial Community (CC), allowing for diverse uses including retail, office, medical/healthcare, and residential above commercial. The building's 5,169 square foot first floor and 1,584 square foot second floor provide ample space for a variety of business needs. Available for occupancy July 1, 2024, this property offers a unique chance to own a piece of Fortville's thriving downtown, conveniently located near restaurants, breweries, boutiques, and national retailers. The potential for additional parking exists through the removal of a small outbuilding on an adjacent property. This is a redevelopment opportunity in a rapidly growing area with a high average daily traffic count of 13,327 vehicles on US 36.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1946
    Construction WOOD
    Total area 6,753 SF
    Lot 0.21 ac (9,148 SF)
    APN 30-02-09-401-006.002-017
    UPID US31-1261119
    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
    • Jones Behavioral Group Training Center Tutoring Service
    • Holmes Family Insurance LLC Insurance Agency
    • Dobson Counseling Inc. Counselor
    • Huffman Health & Wellness Health Consultant Weight Loss Service
    • Serene Midwifery Midwife
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $525k
    Owner & transaction history
    Bb Realty Partners LLC · 1 yrs held
    Bb Realty Partners LLC
    since 2024
    5 recorded transactions
    2024
    2017
    $575,000
    2017
    2016
    $87,500
    2012
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $690,000 +28.8%
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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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