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423 Wilpen Rd 5,000 SF 100% Leased Retail Building Ligonier, IN 15658 $199,000 ($39.80/SF)



INVESTMENT HIGHLIGHTS
- 5 Garage Bays (2 with 10000 pound lifts)
- Office Building has full bath, kitchen, and 2 office spaces
- Located minutes from downtown Ligonier with access to State Route 711
- Level rear and side parking lots
- 3 Phase electric and commercial grade compressor that feeds to the garage bays
EXECUTIVE SUMMARY
This versatile property combines a fully equipped five-bay garage with the charm of a historic office space, creating the perfect setting for auto mechanics, restoration projects, or private collections. The garage includes two bays with 10000 pound lifts, two with brand-new doors, and a spacious double bay, all serviced by a commercial-grade compressor and supported by a 3-phase electric panel. The attached office, originally a schoolhouse built around 1915, features an updated full bath with a walk-in shower, a front office large enough to serve as a living room, a kitchen, and an additional office that could double as a bedroom or private workspace. Large, level parking areas in both the front and rear provide excellent accessibility. Just minutes from downtown Ligonier, this unique property offers the flexibility to be reimagined for business, storage, or personal use.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$3,860
|
$0.77
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,860
|
$0.77
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Taxes | |
|---|---|
| Annual | $3,860 |
| Annual Per SF | $0.77 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $3,860 |
| Annual Per SF | $0.77 |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,000 SF
Building Class
C
Year Built
1915
Price
$199,000
Price Per SF
$39.80
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.11
Lot Size
1.01 AC
Zoning
Village - See Attachments
Frontage
250’ on 423 Wilpen Road
AMENITIES
- 24 Hour Access
- Storage Space
- Air Conditioning
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423 Wilpen Rd
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