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Property profile & analytics
OFF-MARKET
Commercial land

732 Michigan St New Carlisle, IN 46552-9601

4 ac lot
Entity Owned 7-yr Hold Free & Clear
Property ID
US31-1707154
Property summary
AI-generated overview

This exceptional 3,702 square foot Class A creative office space is ideally located at 732 West Michigan Street in New Carlisle, Indiana, zip code 46552. The property is a single-tenant building suitable for a variety of uses, including retail, office, or restaurant operations. Recent renovations include a new HVAC system, a new commercial parking lot, new landscaping, new sidewalks, and a new waterline service. The interior boasts a newly renovated kitchen and fresh interior paint. The building features high ceilings and offers ample space for various business needs. The property's versatile design and prime location make it an attractive opportunity for businesses seeking a modern and functional workspace. The building's recent upgrades ensure efficient and comfortable operation. This is a single-tenant occupancy property, offering a unique opportunity for a business to establish a strong presence in a desirable location. The property's combination of modern amenities and classic architectural details creates a unique and appealing environment. The new commercial parking lot provides convenient parking for employees and clients. The updated infrastructure ensures reliable and efficient building operations. This property presents a rare opportunity to acquire a well-maintained and upgraded commercial space in a thriving community.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 4 ac (174,240 SF)
APN 71-01-34-178-002.000-018
UPID US31-1707154
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Irish Rentals LLC · 7 yrs held
Irish Rentals LLC
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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