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Listed by Isaac VanCuren • Gardner Property Group
$ 575,000
Est. payment /mo
Active
201 S Main ST Cloverdale, IN 46120
5,352 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 5,352 sqft
Price per Sqft $107
MLS Listing ID 22094265
Tax Year 2025
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type Industrial
Property Description
NNN Automotive Investment - A stabilized, triple-net automotive repair facility representing a 9% cap rate at the asking price. The property features multiple drive-through service bays across two connected structures with concrete block and metal panel construction, a standing-seam metal roof. Situated on a high-visibility corner lot with ample surface parking and dual-direction access, the property benefits from a captive local service market within an established residential community. With landlord expenses minimized by the NNN lease structure, this is a clean yield play in a recession-resistant, internet-proof asset category.
Location
State IN
County Putnam
Zoning CBD
Interior
Heating Forced Air
Cooling Wall Unit(s)
Fireplace N
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected, See Remarks
Building
Story 2
New Construction false
Schools
Elementary Schools Cloverdale Elementary School
Middle Schools Cloverdale Middle School
High Schools Cloverdale High School
School District Cloverdale Community Schools
Others
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