1920 South Rhodes Street

For Sale

1920 South Rhodes Street, Rochester, IN 46975

This Rochester property for sale is located at 1920 South Rhodes Street. The general use of 1920 South Rhodes Street is office and it incorporates 3,692 square feet of class B office space. The current listed sale price for 1920 South Rhodes Street is $325,000. 1920 South Rhodes Street is situated on a lot that is 2 acre in size.

Contacts

broker
Gregory Pink

Bradley Company

Property Details

  • Property Type Office - General Office
  • Property Size 3,692 SF
  • Lot Size 2 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1993
  • Date Updated Dec 17, 2024
-1920 Rhodes St is a 3,692 SF single-tenant office building occupied by the Indiana Department of Child Services. The tenant has been in the space for over thirty years and has recently renewed through 2029 with an option to renew for an additional four years. The tenant pays $15.75/SF gross, where landlord covers insurance, utilities, and general maintenance (the property is real estate tax exempt). The property is located on the south side of Rochester, IN, just off of Main St with good access to local amenities and US 31. The building features multiple private offices, open cubicle space, breakroom, conference room, reception area, and four private restrooms, along with an attic for additional storage.
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Highlights

  • Single-tenant gross lease with state-guaranteed Tenant
  • Tenant has operated at the facility for over thirty years and has five years of term remaining with options to extend
  • Owner has invested over $110,000 in the property over the last four years including a new roof and parking lot
  • Property is exempt from real estate taxes as a product of having a government tenant

Getting around

  • 53/100

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  • 43/100

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Location

  • City Rochester, IN
  • Zip Code 46975
  • Market South Bend

Points of Interest

  • Speedway

    0.19 miles

  • Pilot

    0.34 miles

  • Super 8 by Wyndham Rochester

    0.24 miles

  • Quality Inn

    0.28 miles

  • Kroger

    0.08 miles

  • Walmart Supercenter

    0.33 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Gregory Pink

Bradley Company