415 Indiana Ave Auburn, IN 46706-1613
- Parking lots & garages
- 0.13 lot acres
Current Use by Public Records
- Indiana Steel Products / Manufacturer
- Liquidation City / Surplus Store
Property Details for 415 Indiana Ave
- Year built
- 1993
- Lot size
- 0.13 lot acres
- Property type
- Parking lots & garages
- APN
- 17-06-30-480-006.000-025
- APU
- 170630480006000025
Description
This Auburn, Indiana industrial property, located at 415 N Indiana Ave, offers a compelling investment opportunity. The 33,622 square foot building, constructed in 1930 and featuring a Class B designation, sits on a 1.81-acre lot and is zoned C1/Neighborhood Commercial. Currently housing three tenants under a gross lease, the property generates $87,600 in annual gross rental income. The building boasts two stories, two loading docks with dock-high doors, and a 12-foot ceiling height. Recent upgrades include updated electrical panels and renovated office spaces. The property includes 20 parking spaces and benefits from convenient access to SR 8 and I-69 (one mile away). Priced at $849,000, this multi-tenant warehouse and manufacturing facility presents a strong return on investment. The property's features, location, and current income stream make it an attractive option for investors seeking a stable and profitable asset in a growing market. The building's solid construction and recent improvements ensure long-term value and operational efficiency. The ample parking and convenient location further enhance its appeal to both tenants and investors. This is a rare opportunity to acquire a well-maintained, income-producing industrial property in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- Dekalb
- State
- Indiana
- Longitude
- -85.0623
- Latitude
- 41.3685
- CBSA code
- 12140
- CBSA name
- AUBURN, IN MICROPOLITAN STATISTICAL AREA
