For Sale
$289,000

304 Cedar StAuburn, IN 46706

Rare Investment Opportunity: 9,148 SF

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional commercial property at 304 N Cedar Street in Auburn, Indiana, presents a unique investment opportunity. The 9,148 square foot building sits on a 0.21-acre lot and is zoned for commercial and historic use. Currently configured with a ground floor commercial space previously used as a dentist office and now occupied by a bridal boutique, the property offers versatile potential for various businesses such as salons, real estate offices, or insurance agencies. The upper level features a spacious two-bedroom, one-bathroom apartment currently leased until December 10, 2024, providing consistent rental income. An attached two-car garage adds convenience, and a side yard generates additional revenue through rental as public parking during downtown events. Located in the thriving downtown Auburn area, this property benefits from its proximity to I-69 and is situated within one of the region's fastest-growing small towns. The asking price is $289,000. This property offers a blend of commercial and residential income streams, making it an attractive investment in a dynamic and rapidly developing location. The building's history and current configuration provide a solid foundation for a variety of future uses, capitalizing on the vibrant downtown Auburn market. The combination of commercial space and rental apartment income makes this a truly unique and compelling investment opportunity.

Highlights

  • 9,148 SF building on a 0.21-acre lot in Auburn, IN.
  • Zoned commercial and historic.
  • Ground floor commercial space (currently a bridal boutique), ideal for various uses.
  • Upper level features a 2-bed/1-bath apartment leased until December 10, 2024.
  • Attached two-car garage and side yard generating additional parking revenue.
  • Located in downtown Auburn near I-69; asking price $289,000.

Property Details for 304 Cedar St

Property type
Specialty properties, Land
Square Feet
9,148 SF
Lot Size (sq. ft)
9,148 SF

Location Insight

City
Auburn
County
De Kalb
State
Indiana
Latitude
41.3684127
Longitude
-85.0543168
304 Cedar St, Auburn, Indiana

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304 Cedar St
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