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Prime Downtown Kendallville Mixed Use 1 Retail Properties Offered at $419,900 in Kendallville, IN
Investment Highlights
- Mixed Use Income Potential with Retail and Multi-Family
- Great Portfolio Acquisition for Investor or Owner-User
- Unmatched Continuous Frontage with Two Adjacent Side by Side Buildings on Main St.
Executive Summary
For Sale ~ Prime Downtown Kendallville Mixed Use Portfolio
High-yield mixed-use investment opportunity in prime downtown Kendallville, IN. This portfolio fronts a high tra?c commercial corridor, is walkable to local amenities and features stable cash flow and immediate value-add potential. This mixed-use commercial and multi-family is comprised of two ground-floor retail storefronts and three upper-level apartments. Income profile & portfolio breakdown: Commercial Space 1: Currently owner occupied; delivered vacant at closing for immediate market-rate leasing or owner user occupancy. Commercial Space 2: Tenant Leased. Multi-family: Unit 1: 1bed/1bath apartment (leased). Unit 2: 1bed/1bath apartment (leased) Unit 3: Spacious 4bed/1bath apartment (leased) This rare opportunity for the investor/owner user highlights: diversified revenue with five distinct income streams and with both commercial and multi-family, mitigates vacancy risk, immediate upside value-add potential and well positioned; this asset boasts a prime location.
Contact Listing Broker for more information.
High-yield mixed-use investment opportunity in prime downtown Kendallville, IN. This portfolio fronts a high tra?c commercial corridor, is walkable to local amenities and features stable cash flow and immediate value-add potential. This mixed-use commercial and multi-family is comprised of two ground-floor retail storefronts and three upper-level apartments. Income profile & portfolio breakdown: Commercial Space 1: Currently owner occupied; delivered vacant at closing for immediate market-rate leasing or owner user occupancy. Commercial Space 2: Tenant Leased. Multi-family: Unit 1: 1bed/1bath apartment (leased). Unit 2: 1bed/1bath apartment (leased) Unit 3: Spacious 4bed/1bath apartment (leased) This rare opportunity for the investor/owner user highlights: diversified revenue with five distinct income streams and with both commercial and multi-family, mitigates vacancy risk, immediate upside value-add potential and well positioned; this asset boasts a prime location.
Contact Listing Broker for more information.
Property Facts
| Price | $419,900 | Number of Properties | 2 |
| Price / SF | $38.21 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 10,989 SF |
| Status | Active | Total Land Area | 0.12 AC |
| Price | $419,900 |
| Price / SF | $38.21 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,989 SF |
| Total Land Area | 0.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 214 S Main St, Kendallville, IN 46755 | Retail | 10,989 SF | 1900 | - |
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Prime Downtown Kendallville Mixed Use
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