For Sale
$2,500,000

1000 Morton St Oakland City, IN 47660

High-yield medical office & apartments

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional mixed-use property in Oakland City, Indiana, presents a lucrative investment opportunity. The 30,581 square foot complex sits on a 5.53-acre lot adjacent to a golf course, offering a desirable location and attractive surroundings. The property boasts 17 newly remodeled apartments (13 one-bedroom and 4 two-bedroom units), providing immediate rental income. Further enhancing the income stream are 43 new climate-controlled storage units. A lease is currently in place with an urgent care facility, ensuring stable occupancy and consistent revenue. Adding to the property's versatility is a separate 1,700+ square foot, three-bedroom house. The property also includes over 13,000 square feet of additional leasable space. Conveniently located just 1.5 miles from the Interstate 69/Indiana 64 interchange and a 25-minute drive from Evansville, this property offers excellent accessibility and strong potential for future growth. The property is classified as Class C and is listed at $2,500,000. This is a rare opportunity to acquire a well-positioned, income-producing asset with significant upside potential.

Highlights

  • Exceptional mixed-use property in Oakland City, Indiana, offering a lucrative investment opportunity.
  • 30,581 square foot complex on a 5.53-acre lot adjacent to a golf course.
  • 17 newly remodeled apartments (13 one-bedroom, 4 two-bedroom) generate immediate rental income.
  • 43 new climate-controlled storage units provide additional income.
  • Leased to an urgent care facility, ensuring stable occupancy and revenue.
  • Includes a separate 1,700+ sq ft, three-bedroom house.

Property Details for 1000 Morton St

Property type
Retail properties, Office properties
Class
C
Lot Size (sq. ft)
240,887 SF

Location Insight

City
Oakland City
County
Gibson
State
Indiana
Latitude
38.3329868
Longitude
-87.3589025

FAQs

What type of property is this?
Retail property - High-yield medical office & apartments
Where is the retail property located?
The property is located at 1000 Morton St Oakland City, IN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Exceptional mixed-use property in Oakland City, Indiana, offering a lucrative investment opportunity.; 30,581 square foot complex on a 5.53-acre lot adjacent to a golf course.; 17 newly remodeled apartments (13 one-bedroom, 4 two-bedroom) generate immediate rental income.
How can I contact the broker?
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1000 Morton St
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