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    OFF-MARKET
    Office Spaces

    831 Commerce Dr, Kendallville, IN 46755-9388

    7,556 SF 0.56 ac lot Built 1993
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US31-1804995
    Property summary
    AI-generated overview

    This exceptional 7,556-square-foot medical office building in Kendallville, Indiana presents a unique investment or owner-occupancy opportunity. Built in 1993 and extensively renovated in 2021, the property boasts a single-story design with 18 parking spaces on a 0.56-acre lot. The building is zoned I-2 and features flexible floor plans, accommodating spaces ranging from 150 square feet to the entire 7,556 square feet. Multiple tenants are possible, with divisible spaces to suit various needs. Amenities include a kitchenette and shower accessible from Suites E and F. The property is in excellent condition, highlighted by a recently installed roof. The asking price for the sale is $298,000. Alternatively, the property is available for lease at a triple net rate of $5.50 per square foot. Triple net lease responsibilities include utilities, janitorial services, and snow/grass removal. The property's APN is 57-07-29-300-008.000-020. This versatile building offers significant potential for a variety of medical practices or businesses seeking a well-maintained and conveniently located space.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1993
    Construction WOOD
    Total area 7,556 SF
    Lot 0.56 ac (24,394 SF)
    APN 57-07-29-300-008.000-020
    UPID US31-1804995
    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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    Owner & transaction history
    ALLIANCE INVESTMENT IRREV LIVING TRUST
    ALLIANCE INVESTMENT IRREV LIVING TRUST
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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