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Property profile & analytics
OFF-MARKET
Parking lots & garages

418 Sugar St Brownstown, IN 47220-1541

4,280 SF 0.26 ac lot Built 1991
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US31-2021150
Property summary
AI-generated overview

This exceptional turnkey business opportunity encompasses a well-established mechanic garage located at 418 N Sugar Street, Brownstown, IN. The property sits on a 0.26-acre lot and offers a substantial 5720 square feet of space under roof. The main building features five bays equipped with five lifts, providing ample workspace for various automotive repair needs. In addition to the main garage, there's a convenient lean-to with four additional bays, expanding storage and operational capacity. The property also includes a dedicated office, a break room, and a half-bath for employee convenience. Climate control is provided by window air conditioning units. Heating is efficiently handled by both oil and natural gas systems. The property is connected to the city sewer system. Extensive outdoor parking is available, including an additional parking area located directly across the street. The sale includes a comprehensive inventory of tools and equipment, ready for immediate use, including a 70-ton press, tire changer, tire balancer, two air compressors, all necessary air tools, a Snap-on A/C machine, a welder, a substantial inventory of tires, and an air pressure tank. This well-maintained building has served as a successful mechanic garage for nearly a decade, offering a proven track record and immediate income potential. This is a rare opportunity to acquire an established, profitable business with all the necessary equipment and infrastructure in place. The asking price is $139,900.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1991
Construction WOOD
Total area 4,280 SF
Lot 0.26 ac (11,250 SF)
APN 36-54-11-404-053.000-002
UPID US31-2021150
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Curtis A Kaiser · 4 yrs held
Curtis A Kaiser
since 2021
4 recorded transactions
2021
Price N/A
2021
$96,604
2012
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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