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Listed by Alexander Foley • Liz Foley Real Estate, Inc.
$ 800,000
Est. payment /mo
Pending
813 W Jefferson ST Tipton, IN 46072
22,969 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Pending
Purchase Type For Sale
Square Footage 22,969 sqft
Price per Sqft $34
MLS Listing ID 22115113
Tax Year 2025
Lot Size 4.530 Acres
Acres 4.53
Property Sub-Type Industrial
Property Description
Diversified Industrial Investment on SR-28 - 3 Buildings, 4.92 Acres, Multiple Income Streams & Value-Add Upside Rare opportunity to acquire a diversified, income-producing industrial property directly on SR-28 (W Jefferson St) in Tipton, IN - minutes from the US-31 interchange and roughly an hour north of Indianapolis. The 4.92-acre site includes three buildings totaling 22,969 SF of leasable space across four bays, self-storage units, and paved RV/vehicle storage, generating multiple independent income streams from long-tenured, low-turnover tenants. 2025 in-place NOI of $48,764 on trailing revenue of $71,565 supports a 6.10% cap rate at the $800,000 asking price - with immediate upside: five self-storage units currently owner-occupied could add approximately $8,100/year in NOI once leased at market rents, pushing pro forma returns toward 7.1%. Beyond current cash flow, this site offers rare flexibility for its next owner: maintain the existing tenant mix, expand storage operations, develop additional buildings, repurpose existing space for higher-value uses, or pursue a full site redevelopment - all within Tipton town limits, where the City's economic development office has expressed interest in partnering with a new owner on expansion plans. The property's existing lender has also indicated interest in originating financing for a qualified buyer. Located along a corridor seeing renewed investment - including a nearby 700-job solar manufacturing conversion of the former 781,500 SF Stellantis transmission plant - this is a well-positioned, diversified asset with a clear path to increased returns. See attachments for OM and T12
Location
State IN
County Tipton
Zoning B2 - General Business
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Available, Sep Electric Meter, Sewer Connected, Water Connected
Building
New Construction false
Schools
Elementary Schools Tipton Elementary School
Middle Schools Tipton Middle School
High Schools Tipton High School
School District Tipton Community School Corp
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