This single-story, 2,016 square foot industrial office building presents a compelling investment opportunity in Rensselaer, Indiana. Built in 1990, the property sits on a 19,646 square foot lot and is zoned Industrial-2, allowing for diverse uses. The interior boasts flexible office space currently configured into eight individual offices, a reception area, meeting/conference space, kitchenette, a three-quarter bath, and a half-bath. The building's location in Rensselaer offers convenient access to transportation and infrastructure. The asking price is $249,900, translating to $123.96 per square foot. Detailed permitted zoning information is available upon request, outlining uses permitted under the I-2 zoning classification. This well-maintained property is ideal for a variety of businesses, including manufacturing, contracting/construction offices, and distribution operations. The property's versatile layout and strategic location make it an attractive option for entrepreneurs and established businesses alike. The property's address is 403 N Melville St, Rensselaer, IN 47978. The Assessor's Parcel Number (APN) is 37-07-20-000-001.055-027.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$741,579
Hospitality
$679,282
Educational
$565,155
Medical
$584,592
Retail
$879,130
Location Insight
City
Rensselaer
County
Jasper
State
Indiana
Latitude
40.942
Longitude
-87.1414
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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