2855 Miller DrPlymouth, IN 46563

  • Individual retail properties
  • 76,161 SF
For Lease
$20/SF/YR View listing

Property Details for 2855 Miller Dr

Year built
2006
Construction
TYPE NOT SPECIFIED
Lot size
10.18 AC
Property size (Sq ft)
76,161 SF
Property type
Individual retail properties
APN
50-42-31-101-098.005-019
APU
504231101098005019

Description

This exceptional Class A, 120,000 square foot, two-story building located at 2855 Miller Dr, Plymouth, IN 46563, offers a unique blend of office and retail space. Built in 2006, the property boasts 18 suites ranging from 325 to 9,910 contiguous square feet, perfect for a variety of businesses. The flexible layout accommodates multiple tenants, with options for medical, executive, traditional, creative, or coworking spaces, along with cafe and storefront opportunities. The building is situated in the Plymouth, Indiana submarket, conveniently located near Pioneer Dr & Miller Dr, and zoned C-3. Ample parking is available with 187 spaces, and the building features elevators for easy access. The property includes a diverse tenant mix, currently featuring medical offices, a high-end fitness center with extensive amenities (including a pool, basketball courts, and a rock climbing wall), and other health-related businesses. The Marshall County location and the property's versatile design make it an ideal investment opportunity. APN: 50-42-31-101-098.004-019.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $19,717,490
    6.5%
    $18,200,760
    7%
    $16,900,706
  • Comparable approach

    Method
    Valuation
    Relative Method
    $24,998,326
    Geo Method
    $24,998,326
  • Alternative Use

    Use
    Valuation
    Residential
    $15,353,022
    Hospitality
    $14,063,285
    Educational
    $11,700,488
    Medical
    $12,102,886
    Retail
    $18,200,760
2855 Miller Dr, Plymouth, Indiana

Location Insight

City
Plymouth
County
Marshall
State
Indiana
Latitude
41.3588
Longitude
-86.3442
CBSA code
38500
CBSA name
PLYMOUTH, IN MICROPOLITAN 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
$86,711
$679,600
$2,207,400
$2,887,000
-
$679,600
$2,207,400
$2,887,000

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