For Sale
$1,500,000

248 Monroe St Decatur, IN 46733

Prime Decatur office building, 43,169 sq ft, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 43,169 square foot, single-tenant office building located at 248 W Monroe St, Decatur, Indiana, 46733. The property, situated on a 0.58-acre lot, is a Class B building constructed in 1975 and boasts a desirable C-1 zoning classification. Currently operating at 100% occupancy, this sale-leaseback opportunity offers a strong, immediate return on investment. The asking price is $1,500,000, translating to $34.75 per square foot. The building consists of a single structure and features a traditional office layout. The property's Adams County location and address provide excellent access to local amenities and transportation networks. This sale-leaseback structure provides a unique opportunity for investors seeking a stable, income-generating asset with a long-term tenant in place. The property's parcel numbers are 01-05-03-201-068.000-022, 01-05-03-201-068.000-022. This is a rare chance to acquire a well-maintained, fully occupied office building in a thriving Indiana market.

Highlights

  • $1,500,000 asking price for a 43,169 SF office building.
  • Class B, single-tenant, 100% occupied traditional office building.
  • Sale-leaseback opportunity with a $34.75/SF price.
  • Located on a 0.58-acre lot at 248 W Monroe St, Decatur, IN 46733, with C-1 zoning.
  • Built in 1975, the property includes one building.
  • Broker co-op available.

Property Details for 248 Monroe St

Property type
Office properties
Square Feet
43,169 SF
Class
B
Year Built
1975
Buildings
1
Lot Size (sq. ft)
25,265 SF

Location Insight

City
Decatur
County
Adams
State
Indiana
Latitude
40.83125827
Longitude
-84.9252762

FAQs

What type of property is this?
Office property - Prime Decatur office building, 43,169 sq ft, 100% occupied.
Where is the office property located?
The property is located at 248 Monroe St Decatur, IN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: $1,500,000 asking price for a 43,169 SF office building.; Class B, single-tenant, 100% occupied traditional office building.; Sale-leaseback opportunity with a $34.75/SF price.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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248 Monroe St
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