Property profile

412 S Maple St Fortville, IN 46040

FOR LEASE
Office Spaces
Property ID
US31-1261119
6,753 SF 0.21 ac lot Built 1946
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Training Center Tutoring Service
  • Insurance Agency
  • Counselor
  • Weight Loss Service Health Consultant
  • Midwife

Location

412 S Maple St Fortville, IN 46040
Fortville metro Census 410202 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2017
$575,000
2017
Price N/A
2016
$87,500
2012
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $690,000 +28.8%

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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