118-122 Detroit St LagrangeLaGrange, IN 46761

For Lease
$12/SF/YR

Historic Office Building, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional 12,804 square foot office building, located at 118-122 N. Detroit St. in LaGrange, Indiana, presents a compelling investment opportunity. Built in 1890, this two-story, traditional office building sits on a 0.13-acre lot and is zoned B-4. The property features multiple tenancies, offering flexibility for various uses. Currently, there is recently vacated commercial space available, presenting a significant value-add potential. The existing commercial space is well-maintained and in good condition. The building's mixed-use capability allows for the possibility of developing apartments on the upper floor, further enhancing its investment appeal. Additional storage is included on the property. The sale price is $699,000, translating to $54.59 per square foot. Alternatively, the property is available for lease at a rate of $12.00 per square foot per year, NNN. The property's APN is 44-07-19-300-001.049-002, and it is located in LaGrange County, Indiana, zip code 46761. This historic building offers a unique blend of character and potential, making it an ideal investment for discerning buyers or tenants seeking a prime location in LaGrange.

Highlights

  • 12,804 SF office building on a 0.13-acre lot in LaGrange, IN.
  • Two-story building, built in 1890, zoned B-4.
  • Multiple tenancies with recently vacated space, offering value-add potential.
  • Well-maintained building with mixed-use potential (apartments).
  • Includes additional storage; APN 44-07-19-300-001.049-002.
  • $699,000 sale price ($54.59/SF) or $12.00/SF/year NNN lease.

Property Details for 118-122 Detroit St Lagrange

Property type
Other office properties, Office properties
RSF (Rentable sq. ft)
12,804 SF
Year Built
1890
Buildings
1
Stories
2

Unit(s) available at that property

Space
118-122 N. Detroit St.
Size
9,000 SF
Rate per SF
$12

Location Insight

City
LaGrange
County
LaGrange
State
Indiana
Latitude
41.6445644
Longitude
-85.41796059
118-122 Detroit St Lagrange, LaGrange, Indiana

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118-122 Detroit St Lagrange
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