831 Commerce Drive, Kendallville
Office
for Sale
| Catylist Listing ID: |
29998250 |
| Property Subtypes: |
Governmental, Institutional, Medical, Mixed Use, Flex Space, Office Building, Other
|
| Building Size (RSF): |
7,556 SF
|
| Gross Land Area: |
0.56 Acres
|
| Sale Price: |
$219,000 |
| Unit Price: |
$28.98 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
12/13/2018 |
Overview / Comments
|
This 7,556 SF multi-tenant office building in Kendallville would be ideal as an investment opportunity or as an owner/occupant property. Building currently has six designated suites, but can be rearranged to suit Owner or Tenant needs. Offices sizes available from as small as 150 SF up to the entire building of 7,556 SF and many options in between. Kitchenette area and shower accessible by Suites E and F. Paved parking for 18-20 vehicles. Property is in very good condition with recent new roof. Property is also available FOR LEASE at $12.50/SF plus utilities and janitorial.
|
Financials
| Finance Data Year |
2013 |
| Real Estate Taxes - Annual($) |
$7,806 (Annual) |
| Tax Value Land |
$52,000 |
| Tax Value Improvements |
$229,900 |
| Assessed Value - Total($) |
$281,900 (Annual) |
| Finance Data Year |
2011 |
| Real Estate Taxes - Annual($) |
$9,330 (Annual) |
| Tax Value Land |
$52,000 |
| Tax Value Improvements |
$306,900 |
| Assessed Value - Total($) |
$358,900 (Annual) |
| Finance Data Year |
2010 |
| Real Estate Taxes - Annual($) |
$9,853 (Annual) |
| Tax Value Land |
$52,000 |
| Tax Value Improvements |
$306,900 |
| Assessed Value - Total($) |
$358,900 (Annual) |
| Finance Data Year |
2009 |
| Real Estate Taxes - Annual($) |
$7,078 (Annual) |
| Tax Value Land |
$51,700 |
| Tax Value Improvements |
$253,300 |
| Assessed Value - Total($) |
$305,000 (Annual) |
Additional Details
| Nearest MSA: |
Kendallville |
| County: |
Noble |
| Taxing Authority: |
Noble County |
| Tax ID/APN: |
57-07-29-300-008.000-020 |
| Zoning: |
I-2 |
| Property Located Between: |
Near Hwy 6 |
| Property Visibility: |
Excellent |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
7,556 SF |
| Year Built: |
1993 |
| Exterior Description: |
Beautiful, modern, well-maintained property |
| Parking Type: |
Surface |
| Total Parking Spaces: |
18 |
| Legal Description: |
KENDALLVILLE WEST PARK EX 160' S SIDE & EX 200' OFF W SIDE (TRACT 1) LOT 8 .56A |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
785 |
9,858 |
18,746 |
| Median Age: |
37.37 |
35.97 |
38.64 |
| Households: |
300 |
3,899 |
7,359 |
|
The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Property Information Exchange (CPIX) nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
|
