1516 Main St - Storefront Retail/Office FOR SALE


Elwood, IN 46036
$49,500 USD
317-504-2663
1516 Main St, Elwood, IN for Sale
$49,500 USD
Storefront Retail/Office - FOR SALE
1/27
null | Request Cap Rate

1516 Main St
Elwood, IN 46036


HIGHLIGHTS

  • Center of Elwood Business District
  • Abatement Opportunity
  • Great Value Add - Low Cost

OVERVIEW

Investor’s Dream Opportunity! Calling all savvy investors! This 4,907 sq. ft. commercial property is a blank canvas with immense potential. Previously utilized as a laundry cleaner and U-Haul truck rental, this property offers plenty of possibilities for redevelopment or multi-use purposes. Includes paved parking lot. Versatile Layout: The 2,729 sq. ft. downstairs can be subdivided to fit your vision, while the upstairs space was being designed for two studio apartments, adding rental income potential. City Incentives: There is POTENTIAL for a tax abatement through the city—an added financial boost for your investment. Important Note: This is a highly distressed property requiring immediate attention, including a new roof and renovations throughout. Serious investors who can see the opportunity beneath the surface, this one’s for you! Don’t miss your chance to turn this fixer-upper into a profitable venture. Schedule your showing today! Serious inquiries only.

FOR SALE DETAILS

PRICE

$49,500 USD

PRICE/SF

$10 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

undefined, Convenience Store, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1895

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

B3

APN/PARCEL ID

48-04-10-303-038.000-027

ASK ABOUT THIS PROPERTY

Albert StancatoHighgarden Real Estate, Inc.More Info
317-504-2663

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Albert StancatoHighgarden Real Estate, Inc.More Info
317-504-2663

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.