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Description

Location: The property is located in Nappanee, Indiana, which is an important factor for potential investors. Being situated on a main strip in the town can offer good visibility and accessibility. Building Size: The property includes a 21,450 square foot building. This is a sizable space that could be suitable for various types of businesses or tenants. Income-Producing: The property has a history of generating income, which is a positive indicator for potential investors. It’s currently leased on a month-to-month basis, but there are prospects for future leasing, providing a stable income potential. Acreage: The property includes 3 +/- acres, which could provide space for additional development or outdoor usage, depending on the needs of potential tenants. Road Frontage: The property has excellent road frontage on State Road 6, which can be advantageous for businesses seeking visibility and easy access. Versatility: The building can be split into two units, which offers flexibility for different tenants or income opportunities. This can be a valuable feature for attracting a variety of businesses. Amenities: The property includes essential amenities like bathrooms, a sprinkler system, an office area, dock doors, and electrical infrastructure, which can be important for various types of businesses. Investing in commercial real estate can be a lucrative venture, and this property appears to have several positive aspects that could make it a valuable investment opportunity.

Details

  • Property Details

  • MLS #:
    202339694
  • Price
    $1,250,000
  • Approx. Lot Size Acres
    3
  • Approx. Lot Size SqFt
    130,680
  • Class
    Commercial
  • DOM
    2
  • Lot Dimensions
    irregular
  • New Construction
    No
  • Parcel ID#
    20-13-35-277-004.000-021
  • Property Sub-Type
    Industrial
  • State
    IN
  • Subdivision
    None
  • Year Built
    1975
  • Zip
    46550
  • Interior Features

  • Other Features

  • Waterfront Y/N
    No

Last updated: December 6 2023, 12:01 PM

Listing courtesy of: Brecken Kennedy, Mossy Oak Properties/Indiana Land and Lifestyle

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

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