305 Main StRockport, IN 47635

Property Details for 305 Main St

Year built

2000

Construction

WOOD

Lot size

0.14 AC

Property size (Sq ft)

2,052 SF

Property type

Office properties

APN

74-15-26-201-149.000-018

APU

741526201149000018

Description

This exceptional investment opportunity encompasses four distinct commercial buildings nestled in the heart of Historic Downtown Rockport, Indiana. The portfolio totals nearly 20,000 square feet of space and sits on a combined 0.58-acre lot. The centerpiece is 305 Main Street, a recently updated, approximately 2,000 square foot building boasting modern electrical systems and handicap accessibility. This building previously served as the Rockport branch of the DMV. Adding significant warehouse space is 315 North 3rd Street, a nearly 13,000 square foot building featuring decorative brickwork and a substantial lot at the rear. For smaller-scale operations, 112 North 3rd Street offers approximately 1,100 square feet with convenient side parking. Finally, 309 Main Street, the former Wetzels cafe, presents approximately 4,000 square feet, including a charming tin ceiling and original living quarters upstairs. All four properties are being sold as a single package

• CAP approach

  CAP return

  Valuation

  6%

  $354,487

  6.5%

  $327,219

  7%

  $303,846

• Comparable approach

  Method

  Valuation

  Relative Method

  $176,636

  Geo Method

  $176,636

• Alternative Use

  Use

  Valuation

  Residential

  $405,752

  Hospitality

  $371,666

  Educational

  $309,222

  Medical

  $319,857

  Retail

  $481,012

Location Insight

City

Rockport

County

Spencer

State

Indiana

Latitude

37.8835

Longitude

-87.0475

Property Tax & Assessments

FAQs

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