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115 E King St 115 E King St 1,526 SF 100% Leased Retail Building Garrett, IN 46738 $221,995 CAD ($145.48 CAD/SF) 11% Cap Rate
Executive Summary
Updated Commercial Space | Prime Downtown Garrett Location
Opportunity awaits at 115 E King Street in Garrett, Indiana! This recently renovated commercial building offers a flexible layout ideal for a variety of business uses, including professional office, retail, boutique, salon, bakery, specialty shop, service business, and more.
The property features dedicated office space, a functional kitchen area, restroom, and separate storage space, providing a practical setup for both customer-facing operations and behind-the-scenes business needs. The building has previously been home to a tax consulting office as well as a pet boutique and bakery, demonstrating its versatility for multiple commercial concepts.
Located just off Garrett's main thoroughfare, the property benefits from a convenient and visible downtown location. Public street parking is available, with an additional city-owned parking lot located directly across the street for added accessibility.
Whether you're an owner-user looking for an affordable place to operate your business or an investor seeking a potential income-producing commercial property, 115 E King Street offers a turnkey opportunity at an attractive price point.
Opportunity awaits at 115 E King Street in Garrett, Indiana! This recently renovated commercial building offers a flexible layout ideal for a variety of business uses, including professional office, retail, boutique, salon, bakery, specialty shop, service business, and more.
The property features dedicated office space, a functional kitchen area, restroom, and separate storage space, providing a practical setup for both customer-facing operations and behind-the-scenes business needs. The building has previously been home to a tax consulting office as well as a pet boutique and bakery, demonstrating its versatility for multiple commercial concepts.
Located just off Garrett's main thoroughfare, the property benefits from a convenient and visible downtown location. Public street parking is available, with an additional city-owned parking lot located directly across the street for added accessibility.
Whether you're an owner-user looking for an affordable place to operate your business or an investor seeking a potential income-producing commercial property, 115 E King Street offers a turnkey opportunity at an attractive price point.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
1,526 SF
Year Built
1900
Price
$221,995 CAD
Price Per SF
$145.48 CAD
Cap Rate
11%
NOI
$24,419 CAD
Percent Leased
100%
Building Height
1 Story
Opportunity Zone
Yes
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 17-09-03-109-022.000-013 | Improvements Assessment | $0 CAD |
| Land Assessment | $3,321 CAD | Total Assessment | $3,321 CAD |
Property Taxes
Parcel Number
17-09-03-109-022.000-013
Land Assessment
$3,321 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,321 CAD
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Open Door Rentals and Real Estate
115 E King St | 115 E King St
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