1110 Detroit StLagrange, IN 46761

Property Details for 1110 Detroit St

Year built

1940

Construction

WOOD

Lot size

0.89 AC

Property size (Sq ft)

1,779 SF

Property type

Retail properties

Property subtype

Retail space

APN

44-07-19-100-001.006-002

APU

440719100001006002

Description

This exceptional commercial property, located at 1110 N Detroit Street in Lagrange, Indiana, presents a unique opportunity for owner-users seeking high visibility and convenient access. Situated on a 1.35-acre lot (comprising two parcels: a 0.89-acre parcel featuring the main building and a 0.46-acre rear parcel), this single-story building offers a total of 1,779 square feet of space. The property boasts a prime location on busy Detroit Street (SR 9), ensuring high traffic volume and excellent exposure for any business. The building itself is divided into two main areas: 1,000 square feet of updated retail/office space, ideal for customer interaction and administrative functions, and 779 square feet of storage space equipped with two convenient garage doors – one located on the west side near a 400-square-foot carport, and the other situated at the rear of the building. The property is zoned B2 - Neighborhood Business, allowing for a variety of commercial uses. All public utilities are readily available. Previously used as an auto sales facility, this versatile building is ready for its next chapter. The combination of high visibility, ample space, and convenient location makes this an attractive investment for a wide range of businesses. The asking price is $160,000.

• CAP approach

  CAP return

  Valuation

  6%

  $491,856

  6.5%

  $454,021

  7%

  $421,591

• Comparable approach

  Method

  Valuation

  Relative Method

  $583,921

  Geo Method

  $583,921

• Alternative Use

  Use

  Valuation

  Residential

  $382,984

  Hospitality

  $350,811

  Educational

  $291,871

  Medical

  $301,909

  Retail

  $454,021

Location Insight

City

Lagrange

County

Lagrange

State

Indiana

Latitude

41.6556

Longitude

-85.4233

Property Tax & Assessments

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