401 SE 15th Ave - Loft/Creative Space FOR SALE


Demotte, IN 46310
$900,000 USD
312-637-6582
401 SE 15th Ave, Demotte, IN for Sale
$900,000 USD
Loft/Creative Space - FOR SALE
1/7
null | 9.11% Cap Rate

401 SE 15th Ave
Demotte, IN 46310


HIGHLIGHTS

  • Value-Add Opportunity
  • Strategic Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the DeMotte Business Center, a multi-tenant office investment property located at 401 15th Street SE in Demotte, Indiana (the “Property”). Constructed in 1998, the DeMotte Business Center consists of a two-story, multi-tenant office building containing 12,850 square feet of space on 1.19 acres of land. The Property is currently 88.33% occupied with several tenants on month-to-month leases, offering an excellent value-add opportunity through lease up of the vacant spaces and negotiating longer term leases with current tenants. The DeMotte Business Center is situated on a highly visible parcel along 15th Street SE (US Route 231). The location benefits from excellent visibility, with prominent signage and frontage along 15th Street SE as well as convenient access and ample on-site parking. US-231 is the primary roadway in the area and leads to Downtown DeMotte and the area’s primary commercial corridor, centered around the grocery-anchored DeMotte Shopping Plaza, and featuring a number of national retailers in addition to local businesses and services. The location is 6.6 miles from Interstate 65, which leads north to connect with US Route 20 and the Chicago Metropolitan Area, and south to Indianapolis. DeMotte is a town within Keener Township in Jasper County, Indiana, and is 70 miles southeast of Downtown Chicago.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$64 USD /SF

CAP RATE

9.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Demotte Office Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

-

APN/PARCEL ID

37-15-35-000-030.000-025

ASK ABOUT THIS PROPERTY

Mark HeideckeHorvath & TremblayMore Info
312-637-6582

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Mark HeideckeHorvath & TremblayMore Info
312-637-6582

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