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548 Lincoln St Kendallville, IN 46755-1620

OFF-MARKET Commercial real estate Google Maps
6,943 SF 0.53 ac lot Built 1969
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$280k
Range $252k – $308k (±10%)
Property ID US31-2305213

Property summary

AI-generated overview

This exceptional Kendallville commercial property presents a fantastic investment opportunity. Located at 548 S Lincoln Street, this 0.53-acre lot boasts a substantial building offering a versatile blend of office and shop space. The main building comprises 1552 square feet of remodeled office space, complete with two restrooms and a convenient kitchenette/snack bar area. This area is ideal for administrative functions or client interaction. The true strength of this property lies in its expansive shop area, totaling over 5200 square feet of heated space. This sizable area features several large overhead doors, each measuring over 12 feet in height, facilitating easy access for large equipment and vehicles. The shop floor is constructed of durable concrete with integrated drains, ensuring efficient maintenance and cleanliness. Significant upgrades have been implemented, including electrical system enhancements. Ample parking is available, with convenient street-front parking for customers and a large rear area perfect for loading and unloading. A hoist is included and remains with the property. This property is well-suited for a variety of commercial uses, offering a unique combination of office and shop space in a prime Kendallville location. The combination of updated office space and a large, well-equipped shop area makes this a truly exceptional opportunity. The property's size, location, and features make it an ideal choice for businesses seeking a functional and versatile space. The asking price is $319,500.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1969
Construction TYPE NOT SPECIFIED
Total area 6,943 SF
Lot 0.53 ac (23,087 SF)
APN 57-07-33-330-068.000-020
UPID US31-2305213

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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

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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