813 Jefferson Street, Tipton

813 Jefferson Street, Tipton, IN 46072

Purpose unavailable

$800,000

Pending

Property Details

Bedrooms

Bathrooms

N/A

Sq Ft

N/A

Year Built

Additional Information

Property SubtypeIndustrial
MLS #MBR22115113
Lot Size4.53 Acres

Providence Property Group, PC

Central Indiana real estate services

Office

612 N Madison Ave
Greenwood, IN 46142

Call/Text

(317) 746-0616

Email

garrettvaleu@providenceproperty.group

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

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813 Jefferson Street, Tipton, IN 46072

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Preferred Contact Method

Need immediate assistance?

Call/Text Garrett: (317) 746-0616

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Listing provided courtesy of Alexander Foley at Liz Foley Real Estate, Inc.

Contact: xanderfoley27@gmail.com

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