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INVESTMENT - Office | Flex | Industrial 2133 E 226th St

4,704 SF Flex Building Cicero, IN 46034 $750,000 ($159/SF) 10.40% Cap Rate

Investment Highlights

  • Heavy Equipment Storage
  • Sufficient Office Space
  • 1800 SF Barn

Executive Summary

Presenting a versatile investment property located at 2133 E 226th St, Cicero, IN. This 4,704 SF flex building, situated on 1.71 acres, offers a unique combination of office, warehouse, and light distribution space, ideal for businesses looking for functionality and flexibility.
Key Features:
-Cap Rate: 10.4%, providing steady income potential with a net operating income (NOI) of $78,000.
-Versatile Space: Two-story building, featuring drive-in access and flexible configurations to accommodate various business needs.
-Heavy Equipment Storage: Includes an 1,800 SF barn for additional storage, ideal for businesses requiring space for machinery or inventory.
-Sufficient Office Area: Designed to provide a comfortable and efficient working environment.
-Location & Accessibility: Strategically located in a C-2 zoned area, this property is ideal for medium to large-scale general commercial uses. The site’s convenient layout and accessibility make it perfect for owner-users or investors looking to lease out prime commercial space.

Attachments

FLYER-226th

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts Under Contract

Price $750,000
Price Per SF $159
Sale Type Investment or Owner User
Cap Rate 10.40%
Property Type Flex
Property Subtype
Light Distribution
  • Industrial Warehouse
  • Industrial Service
  • Office Industrial Live Work Unit
Lot Size 1.71 AC
Rentable Building Area 4,704 SF
No. Stories 1
Year Built/Renovated 1992/2005
Tenancy Single
Parking Ratio 5.31/1,000 SF
No. Drive In / Grade-Level Doors 2

Amenities

  • 24 Hour Access
  • Front Loading
  • Yard
  • Storage Space
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29-06-06-000-025.003-008
Land Assessment
$118,100 (2023)
Improvements Assessment
$181,500 (2023)
Total Assessment
$299,600 (2023)

zoning

Zoning Code C-2 (C2—Medium to Large Scale General Commercial)
C-2 (C2—Medium to Large Scale General Commercial)
  • Listing ID: 33586108

  • Date on Market: 10/21/2024

  • Last Updated:

  • Address: 2133 E 226th St, Cicero, IN 46034

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