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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34583164
34583159

516 East Main Street, Brownsburg, IN 46112 For Sale

DD
IN RB20000578
Carpenter Hills O'Brown
Listed by Carpenter Hills O'Brown
$850,000
3 days on market
Updated 3 days ago

516 East Main Street

Details
Property Type Retail, Office
Square Footage 4,884
Net Rentable (SqFt) 2
Units 3
Tenancy Multi
Lease Expiration 09/30/2031
Year Built 1967
Year Renovated 2022
Buildings 1
Acreage 0.700
Zoning C-2
Investment Type Owner/User
Lease Commencement 10/01/2016
Ground Lease No
Sale Condition N/A

858sf leased/4026sf owner used

Marketing description

Great visibility in the heart of high growth Brownsburg, on busy Main St. Front space (858sf) has long-term tenant who just extended the lease contract, providing stable guaranteed income. Tenant also has 546sf pole barn/wash bay. Rear office suite consist of 3366sf main level and 660sf upper level. Both are presently used by the current owner, but can easily be leased separately. Rear office suite has been fully updated and remodeled- including electrical, LED lighting, plumbing, insulation, plus new windows, exterior doors, HVAC and 3 renovated bathrooms. Exposed ceiling rafters and reconfigured layout; attractive and enhanced open concept office workflow. Current owner is open to consider a short-term lease with the new buyer. Furniture, fixtures and equipment are negotiable. Excellent opportunity for owner-occupied buyer or investor looking for an attractive ROI.

Investment highlights

  • Front section has long-term tenant with lease just extended another 5 years
  • Rear owner section has had many updates/ owner willing to consider short-term lease
  • Attractive $/sf

Listing Contacts

DD
IN RB20000578
Carpenter Hills O'Brown
Listed by Carpenter Hills O'Brown

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