230 E 9th St - Office FOR SALE


Rochester, IN 46975
$765,000 USD
502-329-5900
230 E 9th St, Rochester, IN for Sale
$765,000 USD
Office - FOR SALE
1/3
null | 7.71% Cap Rate

230 E 9th St
Rochester, IN 46975


HIGHLIGHTS

  • Completely Rebuilt for Indiana Farm Bureau in 2007 | All New Structure, Roof, New Framing, and Walls Constructed by Preferred Developer for Tenant
  • Tenant Recently Showed Commitment to the Site by Extending the Lease for Five+ Years and Increasing the Annual Rent by $10K
  • Recent Parking Lot Repair and Maintenance of $38K Performed Which Included a Full Re-Mill and Repaving

OVERVIEW

Corporate Guarantee | A+ Credit Rating (AM Best) | Indiana Farm Bureau has Been in Business Since 1919 and has Locations in All 92 Indiana Counties Completely Rebuilt for Indiana Farm Bureau in 2007 | All New Structure, Roof, New Framing, and Walls Constructed by Preferred Developer for Tenant Tenant Recently Showed Commitment to the Site by Extending the Lease for Five+ Years and Increasing the Annual Rent by $10K Recent Parking Lot Repair and Maintenance of $38K Performed Which Included a Full Re-Mill and Repaving Central Downtown Location – Tenant Benefits from Foot Traffic Generated by Adjacent Major Retailers | Positioned Next to Signalized Intersection of Main Street and 9th Street with a Combined VPD 23,200 | Close Proximity to Walgreens, Dollar General, O’Reilly Auto Parts, and New Starbucks Strategically Located in the Heart of Rochester – Rochester is the County Seat of Fulton County Excellent Visibility – Located on IN-25 and is Less Than 1.5 miles from US 31 with 19,763 VPD – Connects South Bend to Indianapolis Located Near Major Economic Drivers – Woodlawn Hospital, Rochester Metal Products, LAU Industries, and Lake Manitou (775-Acre Lake) with Nature Preserves, Skiing, Hiking, Speed Boaters, and Jet Skiers

FOR SALE DETAILS

PRICE

$765,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

7.71%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

C

APN/PARCEL ID

25-07-92-252-014.000-009

ASK ABOUT THIS PROPERTY

Darby MolloyMarcus & MillichapMore Info
502-329-5900

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Darby MolloyMarcus & MillichapMore Info
502-329-5900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.