1301 N High Street
$485,000
1301 N High Street, Hartford City, IN 47348
17,860 sqft
Lot Area
202432393
MlsNumber
Details:
Highlights:
- Cooling: Central A/C
- Basement: Walk-out
- Heating Type: Forced Air
Description:
Leased to State of Indiana for the office of Child Protective Services. This 5000 sq ft building has a concrete parking lot, newer roof and newer furnaces. Offered at an 7.8 cap rate +/- based on current rents and expenses. The annual rent is $53,750.04 and expenses for the last full year run approximately $15,900 and appear to be similar in 2024. Lease runs until 2026 and indications are they will renew the lease. Located directly behind Dollar General in Hartford City IN which is the county seat for Blackford County. Great small investment property ideal for a 1031 Exchange or investor looking for small commercial lease property. No real estate taxes per Indiana Statue ic 6-1.1-10-2(b)
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Location
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