412 Maple StFortville, IN 46040

  • Office properties
  • 6,753 SF
For Sale

Property Details for 412 Maple St

Year built
1946
Construction
WOOD
Lot size
0.21 AC
Property size (Sq ft)
6,753 SF
Property type
Office properties
Property subtype
Other office properties
APN
30-02-09-401-006.002-017
APU
300209401006002017

Description

This exceptional owner-user investment opportunity presents a 6,753 square foot, two-story office building situated on a 0.21-acre lot in the heart of Fortville, Indiana. Built in 1946, this Class B, multi-tenant property at 412 S Maple St boasts a desirable location on US 36/W Broadway Street, enjoying high visibility with approximately 193 feet of combined frontage. The building features a lobby, kitchenette, restrooms, and several private office suites, along with 8 on-site parking spaces and additional parking in a rear lot (20 spots). The property is zoned Commercial Community (CC), allowing for diverse uses including retail, office, medical/healthcare, and residential above commercial. The building's 5,169 square foot first floor and 1,584 square foot second floor provide ample space for a variety of business needs. Available for occupancy July 1, 2024, this property offers a unique chance to own a piece of Fortville's thriving downtown, conveniently located near restaurants, breweries, boutiques, and national retailers. The potential for additional parking exists through the removal of a small outbuilding on an adjacent property. This is a redevelopment opportunity in a rapidly growing area with a high average daily traffic count of 13,327 vehicles on US 36.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $841,851
    6.5%
    $777,093
    7%
    $721,586
  • Comparable approach

    Method
    Valuation
    Relative Method
    $838,655
    Geo Method
    $838,655
  • Alternative Use

    Use
    Valuation
    Residential
    $963,595
    Hospitality
    $882,648
    Educational
    $734,353
    Medical
    $759,608
    Retail
    $1,142,327
412 Maple St, Fortville, Indiana

Location Insight

City
Fortville
County
Hancock
State
Indiana
Latitude
39.9308
Longitude
-85.8479
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,072
$44,300
$331,100
$375,400
-
$44,300
$331,100
$375,400

FAQs

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