813 W Jefferson Street Tipton, IN $ 800,000
813 W Jefferson Street
$ 800,000
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813 W Jefferson Street

Tipton, IN, 46072
$ 800,000
Bedrooms-- Baths-- Sq 22,969

Monthly Estimate*

$ 5,051

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Commercial Property for sale in Tipton, IN

for $800,000. This 22,969 square foot building was built on a lot size of 4.53.

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

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Commercial Active

Price

$ 800,000

Property Type

Commercial

Taxes

$ 6,066

Style

Industrial

Lot Size

4.53

Town/City

Tipton

County/Region

Tipton

MLS | Web ID

22115113

Features
General
Utilities Electricity Connected Natural Gas Available Sep Electric Meter Sewer Connected Water Connected
Possession Closing Negotiable
Zoning B2 - General Business
Security Features Closed Circuit Camera(s) Security Lights
Township Cicero
Property Subtype Industrial
Tax Year 2025
Current Use See Remarks
Additional Parcels Description Parcel 80-11-10-503-005.040-002 (0.39 AC vacant land 813 W Jefferson Bldg #4 Tipton IN 46072)
County Tipton
Net Operating Income 56864
Insurance Expense 9681
New Construction N
Property Type Commercial Sale
Facing Direction North
Status Active
Directions GPS Friendly
High School Tipton High School
City Tipton
High School District Tipton Community School Corp
MLS Area 8005 - Tipton - Cicero
Lot Size Square Feet 197327
Elementary School Tipton Elementary School
Current Financing Exchange - 1031 Conventional
Middle/Junior High School Tipton Middle School
Additional Parcels Y/N Y
Standard Status Active
Tax Lot 4 6
Cap Rate 711
Legal Description Coverdale Subdivision L: 4 - 1.68 Ac L: 6 - 3.10 Ac 4.53 Ac Total 10 -21 -4
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Exterior
Building Area Total 22969
Lot Size Acres 4.53
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* Excluded Features
List By
Liz Foley Real Estate, Inc.

Broker

xanderfoley27@gmail.com

Email

Affordability Calculator

$5,557
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,051
Monthly Property Taxes
$506
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4061085 Elementary School
4061087 Middle School
Tipton High School High School
Pricing History
DatePricePrice ChangeDescription
7/20/2026$800,000 Listed Price

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813 W Jefferson Street, Tipton, IN, 46072 is a Commercial Property for sale at $800,000 with 22,969 sqft and a lot size of 4.53. The property's zip code is 46072 which is in Tipton, IN