813 W Jefferson ST, Tipton, IN 46072
813 W Jefferson ST, Tipton, IN 46072
813 W Jefferson ST, Tipton, IN 46072
813 W Jefferson ST, Tipton, IN 46072
813 W Jefferson ST, Tipton, IN 46072
813 W Jefferson ST, Tipton, IN 46072
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Rick Daves

Rick Daves

+1(317) 614-5484
Listed by Alexander Foley • Liz Foley Real Estate, Inc.
$ 800,000
Est. payment | /mo

22,969 SqFt

Save
$ 800,000
Est. payment | /mo
Save

22,969 SqFt

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Pending

Purchase Type For Sale

Square Footage 22,969 sqft

Price per Sqft $34

MLS Listing ID 22115113

Tax Year 2025

Lot Size 4.530 Acres

Acres 4.53

Property Sub-Type Industrial

Property Description

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

Location

State IN

County Tipton

Zoning B2 - General Business

Interior

Fireplace N

Exterior

Utilities Available Electricity Connected, Natural Gas Available, Sep Electric Meter, Sewer Connected, Water Connected

Building

New Construction false

Schools

Elementary Schools Tipton Elementary School

Middle Schools Tipton Middle School

High Schools Tipton High School

School District Tipton Community School Corp

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

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Rick Daves

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(317) 614-5484

rick@bluprintrealestategroup.com

6357 W US Highway 52 New Palestine, IN 46143, New Palestine, IN 46163, USA

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813 W Jefferson ST