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Old National Bank 407 S Main St

14,074 SF Retail Building Clinton, IN 47842 $2,871,123 ($204/SF) 6% Cap Rate

Banks Indiana Clinton 407 S Main St, Clinton, IN 47842

Investment Highlights

  • Annual Rental Increases of 1.5%
  • Large Parcel – Property Situated on Over an Acre of Land

Executive Summary

Absolute NNN Lease- No Landlord Responsibilities Whatsoever

Attachments

Clinton Bank OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
14,074 SF
Building Class
C
Year Built
1964
Price
$2,871,123
Price Per SF
$204
Cap Rate
6%
NOI
$172,267
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Land Acres
1.18 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
EMS-VD
Parking
55 Spaces (3.91 Spaces per 1,000 SF Leased)
Frontage
282 FT on Main St

Amenities

  • Drive Thru
1 of 1

PROPERTY TAXES

Parcel Number 83-13-15-310-049.000-002 Improvements Assessment $17,900
Land Assessment $3,100 Total Assessment $21,000

PROPERTY TAXES

Parcel Number
83-13-15-310-049.000-002
Land Assessment
$3,100
Improvements Assessment
$17,900
Total Assessment
$21,000
(619) 727-2074

  • Listing ID: 24292924

  • Date on Market: 10/14/2021

  • Last Updated:

  • Address: 407 S Main St, Clinton, IN 47842

More public record information on 407 S Main St, Clinton, IN 47842

The Retail Property at 407 S Main St, Clinton, IN 47842 is currently available For Sale. Contact CIRE Partners for more information.

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Old National Bank | 407 S Main St
(619) 727-2074 x

Old National Bank | 407 S Main St

1/2

Joshua Volen

(619) 727-2074

(619) 727-2074

Andrew Slade

(858) 367-5902

(858) 367-5902

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