813 W Jefferson St, Tipton, IN

Name: 813 W Jefferson St, For Sale in Tipton - Zoocasa
Brand: Liz Foley Real Estate, Inc.
SKU: 22115113
Price: 800000 USD

House

For Sale

Listed price in listed location currency (USD).

$800,000

000

MLS® 22115113

Overview

Key Facts

Type Industrial

Levels Commercial Sale

Size -

Garage

Taxes

Days Active 4

Lot Size 4.53 Acres

Approx. Age

MLS® Number 22115113

Property Address: 813 W Jefferson St, Tipton, IN, 46072-1853

Average square foot calculated using Size range provided by listing agent.

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

MLS® Number22115113

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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