8204 Kennedy Ave Highland, IN 46322-1130
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.