610 Jefferson Ave La Porte, IN 46350-3347
This single-story, 826-square-foot traditional office building in La Porte, Indiana, presents a compelling owner-user investment opportunity. Located at 610 Jefferson Avenue, this property boasts a convenient downtown location and features two professional offices, complemented by a spacious reception area. The building, constructed in 1970, sits on a 990-square-foot lot and is zoned for commercial use. Significant interior updates have been completed within the last three years, enhancing its functionality and appeal. Furthermore, the roof and air conditioning system are only three years old, minimizing immediate maintenance concerns. The asking price is $160,500, translating to $194.31 per square foot. The property is available for occupancy on August 31, 2024. This turnkey office space offers the potential for owner-occupancy, with the possibility of generating rental income from the additional office. The property's APN is 46-06-35-443-005.000-043. This is a rare opportunity to acquire a well-maintained, updated commercial property in a desirable location. The property's excellent condition and potential for dual use make it an attractive investment for both business owners and investors seeking a strong return.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.