Property profile

418 Defiance St Howe, IN 46746

OFF-MARKET
Other commercial real estate
Property ID
US31-1925997
4,122 SF 0.1 ac lot Built 1965
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This commercial property in Howe, Indiana is located on State Road 120 and contains approximately 4,356 square feet within a metal-roof building originally used as a bus service facility for the city of Howe. The building is divided into two separate units with independent gas and electric metering and individual 200-amp electric service for each unit, supporting mixed-use or multi-tenant configurations. One unit has a setup consistent with service use (previously used by an HVAC business) and includes an open commercial layout, multiple entry points, and the potential for added overhead doors. The second unit has access suited to a service-oriented business use and also features separate utility metering. Site utilities and infrastructure include city sewer, NIPSCO gas and electric service, and a well installed in 2024; drainage improvements include downspouts routed to underground piping. Additional features include a basement level for storage or storm-related use, finished upper-level storage above one unit, exterior electrical outlets, lighted signage, and keypad entry on a secondary entrance. The property includes parking on the east side and along SR 120, with additional overflow parking options nearby. The lot size is approximately 0.1 acres, and the property is zoned for commercial use (B1 and B4), with proximity to I-80/90 via Exit 121 at SR 9 (about 2 miles) and to US 20 (about 5 miles).

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1965
Construction WOOD
Total area 4,122 SF
Lot 0.1 ac (4,437 SF)
APN 44-02-30-300-000.053-012
UPID US31-1925997

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
  • Pet Grooming Service

Location

418 Defiance St Howe, IN 46746
Howe metro Census 970100
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

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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