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516 E Main St 4,884 SF 100% Leased Office Building Brownsburg, IN 46112 $850,000 ($174.04/SF)
Executive Summary
Great visibility in the heart of high growth Brownsburg, on busy Main St. Front space (858sf) has long-term tenant who just extended the lease contract, providing stable guaranteed income. Tenant also has 546sf pole barn/wash bay. Rear office suite consist of 3366sf main level and 660sf upper level. Both are presently used by the current owner, but can easily be leased separately. Rear office suite has been fully updated and remodeled- including electrical, LED lighting, plumbing, insulation, plus new windows, exterior doors, HVAC and 3 renovated bathrooms. Exposed ceiling rafters and reconfigured layout; attractive and enhanced open concept office workflow. Current owner is open to consider a short-term lease with the new buyer. Furniture, fixtures and equipment are negotiable. Excellent opportunity for owner-occupied buyer or investor looking for an attractive ROI.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Building Size
4,884 SF
Building Class
C
Year Built
1967
Price
$850,000
Price Per SF
$174.04
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,442 SF
Slab To Slab
8’
Building FAR
0.16
Lot Size
0.70 AC
Zoning
C-1 - C-2 Commercial. Many possibilities available
Parking
15 Spaces (3.07 Spaces per 1,000 SF Leased)
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Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 32-07-11-415-028.000-016 | Improvements Assessment | $83,900 |
| Land Assessment | $140,000 | Total Assessment | $223,900 |
Property Taxes
Parcel Number
32-07-11-415-028.000-016
Land Assessment
$140,000
Improvements Assessment
$83,900
Total Assessment
$223,900
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Contact the Sale Advisor
516 E Main St