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Investment Highlights
- Ideal for professional office users
- Recently remodeled interior with attractive, updated finishes
- Ample paved parking for employees and visitors
- Well-maintained property situated in a peaceful neighborhood setting
- Functional layout featuring four private offices, a spacious lobby, and a separate breakroom
- Well-landscaped grounds offering a professional and inviting appearance
Executive Summary
502 Henry Street presents an opportunity to acquire a freestanding professional office property in New Haven, Indiana. Situated on approximately 0.51 acres in Allen County, the property combines a functional office layout with recent capital improvements, making it well-suited for owner-users, professional service firms, medical practitioners, financial service providers, or investors seeking a stabilized office asset. The building features four private offices, a spacious lobby, a dedicated breakroom, two restrooms, and ground-level access, creating an efficient environment for a variety of business operations.
The property has benefited from multiple updates, including a renovation completed in 2017, along with HVAC and mechanical improvements that include a Bryant condensing unit (2014), York furnace (2017), Carrier indoor mini-split unit (2021), and Carrier outdoor mini-split unit (2022). Additional features include municipal water service, 200-amp electrical service, paved parking with 22 spaces, ADA accessibility, and a dedicated air-conditioning system for network equipment.
Located within the Fort Wayne metropolitan area, New Haven provides convenient access to regional employers, commercial services, residential neighborhoods, and major transportation corridors serving Allen County. The property's neighborhood setting offers a professional atmosphere while maintaining accessibility for employees, clients, and visitors. Combined with its maintained condition, parking capacity, and flexible office configuration, the asset offers potential for continued owner-occupancy or investment use in an established business environment.
The property has benefited from multiple updates, including a renovation completed in 2017, along with HVAC and mechanical improvements that include a Bryant condensing unit (2014), York furnace (2017), Carrier indoor mini-split unit (2021), and Carrier outdoor mini-split unit (2022). Additional features include municipal water service, 200-amp electrical service, paved parking with 22 spaces, ADA accessibility, and a dedicated air-conditioning system for network equipment.
Located within the Fort Wayne metropolitan area, New Haven provides convenient access to regional employers, commercial services, residential neighborhoods, and major transportation corridors serving Allen County. The property's neighborhood setting offers a professional atmosphere while maintaining accessibility for employees, clients, and visitors. Combined with its maintained condition, parking capacity, and flexible office configuration, the asset offers potential for continued owner-occupancy or investment use in an established business environment.
Property Facts
Sale Type
Owner User
Property Type
Building Size
1,800 SF
Building Class
C
Year Built
1955
Price
$340,000
Price Per SF
$188.89
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,800 SF
Building FAR
0.08
Lot Size
0.51 AC
Parking
31 Spaces (17.22 Spaces per 1,000 SF Leased)
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $96,400 | |
| Land Assessment | $44,000 | Total Assessment | $140,400 |
Property Taxes
Parcel Numbers
Land Assessment
$44,000
Improvements Assessment
$96,400
Total Assessment
$140,400
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