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201 S Main Street

Cloverdale, IN 46120
  • $575,000
  • STATUS: Active
  • ON SITE: 56 Days
  • MLS #: 22094265
UPDATED: 66 min ago
$575,000
  • 0
    BEDS
  • 0.51
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

NNN Automotive Investment - A stabilized, triple-net automotive repair facility representing a 9% cap rate at the asking price. The property features multiple drive-through service bays across two connected structures with concrete block and metal panel construction, a standing-seam metal roof. Situated on a high-visibility corner lot with ample surface parking and dual-direction access, the property benefits from a captive local service market within an established residential community. With landlord expenses minimized by the NNN lease structure, this is a clean yield play in a recession-resistant, internet-proof asset category.

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© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2026-06-12T15:26:20.61. 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.
Click here for MLS GRID DMCA Notice
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201 S Main Street Cloverdale, IN 46120

  • Price: $575,000
  • Status: Active
  • On Site: 56 Days
  • Updated: 66 min ago
  • MLS #: 22094265
0
Beds
0
Baths
0
½ Baths
0.51
Acres
Neighborhood:
6722 - Putnam - Cloverdale
County:
Putnam
Area:
6722 - Putnam - Cloverdale
Elementary School:
Cloverdale Elementary School
Middle School:
Cloverdale Middle School
High School:
Cloverdale High School
School District:
Cloverdale Community
Property Description
NNN Automotive Investment - A stabilized, triple-net automotive repair facility representing a 9% cap rate at the asking price. The property features multiple drive-through service bays across two connected structures with concrete block and metal panel construction, a standing-seam metal roof. Situated on a high-visibility corner lot with ample surface parking and dual-direction access, the property benefits from a captive local service market within an established residential community. With landlord expenses minimized by the NNN lease structure, this is a clean yield play in a recession-resistant, internet-proof asset category.
Exterior Features

Parking Features Garage Door Opener

Interior Features

Building Area Total 5352 Cooling Wall Unit(s) Heating Forced Air

Property Features

Acres 1/2-1 Acre Current Use Auto Misc Divisible Yes Dpr YN No Multi Tenants No Net Operating Income 0 New Construction YN No Possession Subject to Tenant RightsOther Possible Use Auto DealerAuto MiscComm Mul TenComm Sgl TenIndustrialSee Remarks Property Sub Type Industrial Semi Annual Property Tax Amt 1307 Space Available 25370 Tax Year 2025 Township Cloverdale Transaction Type Sale Utilities Electricity ConnectedSewer ConnectedWater ConnectedSee Remarks Zoning CBD

Listing provided courtesy of Gardner Property Group: . © 2026 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or The Indy Property Source | Keller Williams Realty.

Based on information submitted to the MLS GRID as of 2026-06-12T15:26:20.61. 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.
Click here for MLS GRID DMCA Notice
 
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