Skip to content

813 W Jefferson Street

Tipton, IN 46072

PendingListed Jul 17, 2026 · 30 days on market

Key facts

Living area
22,969 sqft
Lot
4.53 acres
Type
Commercial Sale · Industrial
MLS #
22115113
County
Tipton
Total building area
22,969 sqft

About this home

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

Description provided by the listing brokerage.

Interior

Security
Closed Circuit Camera(s)Security Lights

Systems

Utilities
Electricity ConnectedNatural Gas AvailableSep Electric MeterSewer ConnectedWater Connected

Lot and HOA

Zoning
B2 - General Business

Schools

Elementary school
Tipton Elementary School
Middle school
Tipton Middle School
High school
Tipton High School
School district
Tipton Community School Corp

Taxes

Estimated annual tax
$6,066 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$4,818per month, estimated
Principal and interest $4,033Property tax $506Insurance $280
20% · $160,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$800,000
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.