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813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo
813 W Jefferson Street , Tipton, IN 46072 Photo

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813 W Jefferson Street Tipton, IN 46072
$800,000
Active / MLS# 22115113 / Commercial - Industrial / Tipton
0 Beds
22969 SqFt

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

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Property Details

Property Type: Commercial - Industrial
Lot Size: 4.53 Acres
Taxes: $6,066

Feature Descriptions

Days on Site: 2
Utility Options: Electricity Connected, Natural Gas Available, Sep Electric Meter, Sewer Connected, Water Connected

Listed By / Shown By

Listed By

Agency Name: Liz Foley Real Estate, Inc.
Agency Phone: 317-848-7863

Shown By

Agency Title: Community Real Estate Group, LLC
Agency Phone: 317-414-9099

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