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531 N Central Ave 20,700 SF 100% Leased Office Building Connersville, IN 47331 $409,442 CAD ($19.78 CAD/SF) 21% Cap Rate
Investment Highlights
- Great potential for investment
- Located in the Opportunity Zone in Downtown Connersville, Indiana
- Unique 2 Story Vault
Executive Summary
Exceptional investment opportunity in the heart of Connersville's Central Business District. This 25,643 SF, two-story commercial property is
located in a federally designated Opportunity Zone, offering potential tax advantages for investors. Previously providing two income-producing
tenants, the building generated $85,000 in annual NOI, delivering an impressive 21.25% cap rate in 2025. You will want to check out the endless
possibilities this property has to offer not to mention a 2 story bank vault. Schedule your private showing today with the Retz Real Estate Team,
Dean at 765-969-5081 or Denise at 765-969-7140. We put the REAL in Realtors!
located in a federally designated Opportunity Zone, offering potential tax advantages for investors. Previously providing two income-producing
tenants, the building generated $85,000 in annual NOI, delivering an impressive 21.25% cap rate in 2025. You will want to check out the endless
possibilities this property has to offer not to mention a 2 story bank vault. Schedule your private showing today with the Retz Real Estate Team,
Dean at 765-969-5081 or Denise at 765-969-7140. We put the REAL in Realtors!
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Building Size
20,700 SF
Building Class
C
Year Built
1937
Price
$409,442 CAD
Price Per SF
$19.78 CAD
Cap Rate
21%
NOI
$85,983 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,350 SF
Building FAR
1.16
Lot Size
0.41 AC
Zoning
C3
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- RDI
- Information
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$9.99
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Lorem Ipsum
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| RDI | Information | - | $9.99 | Lorem Ipsum | Jan 0000 |
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Property Taxes
| Parcel Number | 21-05-25-122-070.001-003 | Improvements Assessment | $397,260 CAD |
| Land Assessment | $38,714 CAD | Total Assessment | $435,974 CAD |
Property Taxes
Parcel Number
21-05-25-122-070.001-003
Land Assessment
$38,714 CAD
Improvements Assessment
$397,260 CAD
Total Assessment
$435,974 CAD
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531 N Central Ave
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