412 Maple StFortville, IN 46040

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $954,097

  6.5%

  $880,705

  7%

  $817,798

• Comparable approach

  Method

  Valuation

  Relative Method

  $838,655

  Geo Method

  $838,655

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,729,250

  Retail / Commercial

  $887,663

  Mixed-Use / Specialty

  $885,217

  Hospitality / Lodging

  $650,390

  Institutional / Educational

  $920,525

  Residential Income

  $1,077,010

  Multifamily

  $1,287,730

  Automotive / Energy

  $789,022

  Parking / Income-Based Land

  $271,573

  Restaurant / Food Service

  $461,940

  Healthcare / Senior Housing

  $907,037

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

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