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Nappanee IN Real Estate & Commercial for Sale

1 Properties Found

The median home value in Nappanee, IN is $135,835. This is lower than the county median home value of $152,625. The national median home value is $231,815. The average price of homes sold in Nappanee, IN is $135,835. Approximately 64% of Nappanee homes are owned, compared to 28% rented, while 9% are vacant. Nappanee real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Nappanee real estate agent to arrange a tour today!
Learn more about Nappanee.


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Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
202013654
Type:
Mixed Use
Subdivision:
None
Lot size:
0.21 Acres
Year built:
1900
Courtesy: Tiffany Group Real Estate Advisors LLC
View additional info

Great redevelopment opportunity in the heart of Downtown Nappanee. Located on the Southeast corner of Market St and Main St, this two story mixed-use building features 5 retail/office spaces on the ground level and approximately 7,700 sqft of potential residential space on the second floor with 14 foot ceilings. All 5 retail/office spaces are occupied and cash-flowing, with annual revenues of $50,400, including one second-story 3-bed 1-bath apartment which is also occupied. This building presents an investor the opportunity to redevelop the second story into 8-12 apartments and increase NOI significantly. Located a short distance from several new restaurants, bars and breweries, new apartments would be well situated to attract tenants. Comparable upper-market apartments are renting for $1,200 for 2-beds.

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Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, the data is deemed reliable but is not guaranteed accurate by the MLS. Indiana Regional MLS. All rights reserved

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