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- LoopNet Team
1143 W North St
Bremen, IN 46506
Self-Storage Business - Bremen, IN · Industrial Property For Sale
Investment Highlights
- Excellent Self-Storage Investment
- 176 Total Units
- Projected 2025 CAP Rate: 7%
- Separate 0.61 Acre Storage Lot Parcel Included in Sale
Property Facts
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating
About 1143 W NORTH ST , BREMEN, IN 46506
Fantastic investment opportunity with a well-established and well-maintained self-storage business in Bremen, IN. The investment includes 175 units sitting on 1.71 acres and a 0.61 acre outside storage lot on N Liberty Dr just North of the property. The 0.61 acre outside storage lot is available for an additional 75-100 storage units. One of the buildings is offsite located behind 1455 W Plymouth St. Bremen, IN. The real estate for this building will be land leased for $1 per year for 10 years. Buyer would retain the income while maintaining and managing the building for those 10 years. The investment sits between a 95-98% occupancy. CAP Rate for 2025 projected to be 7%. Located 1 block North of W Plymouth St in Bremen, the property is 9 miles from the City of Nappanee, 16 miles from Downtown Plymouth, 18 miles from Downtown South Bend, 20 miles from Downtown Goshen, and 25 miles from Downtown Elkhart. Zoned Light Industrial. Taxes: $13,840. Tax Year: 2023.
Property Taxes
| Parcel Number | 50-53-34-202-015.000-006 | Improvements Assessment | $472,200 |
| Land Assessment | $55,400 | Total Assessment | $527,600 |
Property Taxes
