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: 7/11/2018

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
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