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Property profile & analytics
OFF-MARKET
Office Spaces

8204 Kennedy Ave Highland, IN 46322-1130

816 SF 0.16 ac lot Built 1949
Entity Owned 19-yr Hold Free & Clear
Property ID
US31-3331041
Property summary
AI-generated overview

This exceptional Highland, IN commercial property, located at 8204 Kennedy Avenue, presents a unique investment opportunity. Previously utilized as a construction office for 18 years, this building offers approximately 0.16 acres of land and boasts a versatile layout ideal for a variety of businesses. The main area features two skylights, providing ample natural light, and ceramic tile flooring extends throughout the main room, foyer, and bathroom. A kitchenette with vinyl flooring and a separate slop sink room add convenience. Two additional offices provide private workspaces. The property includes a two-car garage, thoughtfully raised to accommodate a 10-foot-high truck, and equipped with a rolling garage door. Heating is efficient, with a 5-gallon water tank serving the office and an older furnace available in the garage for supplemental winter heating. The property also features an automatic sprinkler system. A significant advantage is the prominent signage facing Kennedy Avenue, a high-traffic road with over 30,000 vehicles passing daily, ensuring excellent visibility for your business. The location offers easy access to the expressway, providing convenient commuting for employees and clients. Priced at $249,900, this property is ready for its next chapter.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1949
Construction WOOD
Total area 816 SF
Lot 0.16 ac (6,926 SF)
APN 45-07-21-129-029.000-026
UPID US31-3331041
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
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jgn Ents LLC · 19 yrs held
Jgn Ents LLC
since 2006
2 recorded transactions
2006
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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