610 Jefferson AveLa Porte, IN 46350

Property Details for 610 Jefferson Ave

Year built

1970

Construction

WOOD

Lot size

0.02 AC

Property size (Sq ft)

826 SF

Property type

Office properties

APN

46-06-35-443-005.000-043

APU

460635443005000043

Description

This single-story, 826-square-foot traditional office building in La Porte, Indiana, presents a compelling owner-user investment opportunity. Located at 610 Jefferson Avenue, this property boasts a convenient downtown location and features two professional offices, complemented by a spacious reception area. The building, constructed in 1970, sits on a 990-square-foot lot and is zoned for commercial use. Significant interior updates have been completed within the last three years, enhancing its functionality and appeal. Furthermore, the roof and air conditioning system are only three years old, minimizing immediate maintenance concerns. The asking price is $160,500, translating to $194.31 per square foot. The property is available for occupancy on August 31, 2024. This turnkey office space offers the potential for owner-occupancy, with the possibility of generating rental income from the additional office. The property's APN is 46-06-35-443-005.000-043. This is a rare opportunity to acquire a well-maintained, updated commercial property in a desirable location. The property's excellent condition and potential for dual use make it an attractive investment for both business owners and investors seeking a strong return.

• CAP approach

  CAP return

  Valuation

  6%

  $265,453

  6.5%

  $245,033

  7%

  $227,531

• Comparable approach

  Method

  Valuation

  Relative Method

  $107,586

  Geo Method

  $107,586

• Alternative Use

  Use

  Valuation

  Residential

  $303,841

  Hospitality

  $278,317

  Educational

  $231,557

  Medical

  $239,520

  Retail

  $360,199

Location Insight

City

La Porte

County

Laporte

State

Indiana

Latitude

41.6111

Longitude

-86.719

CBSA code

33140

CBSA name

MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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