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22,969 sqft

$800,000

813 W Jefferson Street, Tipton IN, 46072

Price per sqft$34.83
Property size22,969 sqft
Property typeCommercial
Courtesy of Liz Foley Real Estate, Inc., Alexander Foley Listing Contact:

Overview

Pending

Listed Jul 17, 2026

Updated 2 weeks ago

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

Additional information

MLS® ID
22115113

Interior Features

Basement
No

Exterior Features

Lot Size
4.53 Acres

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Based on information submitted to the MLS GRID as of 3:35 AM UTC on 8/27/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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