412 Maple StFortville, IN 46040
- Office properties
- 6,753 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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