404 Seymour StKentland, IN 47951

Property Details for 404 Seymour St

Year built

1970

Construction

TYPE NOT SPECIFIED

Lot size

1.84 AC

Property size (Sq ft)

10,682 SF

Property type

Retail space

APN

56-16-20-444-003.000-011

APU

561620444003000011

Description

This exceptional commercial property, located at 404 W Seymour St in Kentland, Indiana, presents a remarkable investment opportunity. The 10,682 square foot building sits on a spacious 1.84-acre lot and is ideally situated directly on US24, offering unparalleled visibility and accessibility. Currently configured as a furniture store, this versatile space is adaptable to a wide range of commercial uses. The property features an open showroom, reception area, dedicated offices, workshops, and restrooms (including one with a shower). A substantial warehouse with a dock provides ample storage space. The building is equipped with dual furnaces, dual central air units, 3-phase electric, tinted storefront windows, and benefits from city water and sewage. A fully paved parking lot ensures convenient customer and employee parking. Its strategic location offers easy access to major transportation arteries, including US41 (1 mile), the Illinois border (3 miles), I-65 (16 miles), and I-57 (29 miles). This property is designated as an Opportunity Zone, presenting additional investment incentives. Built in 1970, this free-standing facility is ready for its next chapter. The property's size, location, and amenities make it an ideal choice for a variety of businesses seeking a prominent presence in a thriving community. The zip code is 47951.

• CAP approach

  CAP return

  Valuation

  6%

  $5,046,349

  6.5%

  $4,658,168

  7%

  $4,325,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,506,153

  Geo Method

  $3,506,153

• Alternative Use

  Use

  Valuation

  Residential

  $3,929,339

  Hospitality

  $3,599,254

  Educational

  $2,994,537

  Medical

  $3,097,524

  Retail

  $4,658,168

Location Insight

City

Kentland

County

Newton

State

Indiana

Latitude

40.7691

Longitude

-87.4598

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].