1 Dcb PlzJasper, IN 47546

Property Details for 1 Dcb Plz

Year built

1980

Construction

STEEL FRAME

Lot size

0.41 AC

Property size (Sq ft)

48,400 SF

Property type

Office properties

APN

19-06-35-101-415.000-002

APU

190635101415000002

Description

This exceptional four-story, Class B office building presents a compelling investment opportunity in the heart of Jasper, Indiana. Located on a 2.23-acre lot just a block from the county courthouse, this 48,400 square foot property offers unparalleled convenience and visibility. The building, constructed in 1960, features an impressive mezzanine over the first floor, adding significant usable space. A full basement provides ample storage, a maintenance shop, and a large meeting area divisible for added flexibility. Each floor (excluding the second floor with its mezzanine) offers approximately 9,845 square feet of space. The property is zoned B-2 and R-4, allowing for diverse uses. With 76 parking spaces available, ample parking is ensured for tenants and visitors. Long-term tenants include established businesses such as Old National Bank, Nonte & Company, and Paxton Media Group, demonstrating the property's strong rental history and desirability. The asking price is $2,600,000, translating to $53.72 per square foot. This property is ideal for a corporate headquarters or a savvy investor seeking a stable, high-return investment in a thriving community. Detailed financial information, including rent rolls and leases, is available upon request and execution of a confidentiality agreement.

• CAP approach

  CAP return

  Valuation

  6%

  $7,879,654

  6.5%

  $7,273,527

  7%

  $6,753,990

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,166,272

  Geo Method

  $4,166,272

• Alternative Use

  Use

  Valuation

  Residential

  $9,019,173

  Hospitality

  $8,261,514

  Educational

  $6,873,483

  Medical

  $7,109,872

  Retail

  $10,692,085

Location Insight

City

Jasper

County

Dubois

State

Indiana

Latitude

38.3918

Longitude

-86.9285

CBSA code

27540

CBSA name

JASPER, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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