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$ 650,000
Est. payment | /mo
0.45 Acres Lot
$ 650,000
Est. payment | /mo
0.45 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202608014
Construction Status Resale
Year Built 1983
Annual Tax Amount $7,500
Lot Size 0.445 Acres
Acres 0.4453
Property Sub-Type Office
Property Description
ENDLESS INVESTMENT POSSIBILITIES! This unique income-producing property offers multiple opportunities for investors and entrepreneurs alike! Featuring a combination of retail space, potential multifamily living, a 4-bay car wash (including one automatic bay), and four separate storage buildings, the possibilities are endless. The property currently has two rented spaces totaling approximately 2,200 sq. ft., generating $1,650 per month in rental income. An additional 3,000 sq. ft. is available for lease and could be divided into 2–4 separate units. The existing layout also offers the potential for a fourplex or even a sixplex configuration by keeping two doors locked. The four storage buildings offer a total of 96 units, providing additional income potential. Three buildings each feature sixteen 10x10 units renting for $55 per month and twelve 5x10 units renting for $45 per month. The fourth building contains twelve 10x10 units renting for $55 per month. Conveniently located near town, this property has its own well, which has never run dry, helping eliminate a monthly water bill. Additional features include two pressure tanks and a city-inspected backflow preventer. Whether you're looking to expand your investment portfolio, operate multiple businesses, or generate income from several sources, this property is packed with opportunity! Don't miss your chance to own this versatile investment property! Call today to schedule your private showing!
Location
State IN
County Orange
Direction E Main St, turn right onto E Court St, turn left onto N Court St, turn right onto W Main St, turn left onto SW First St, turn right, arrive at destination
Interior
Fireplace No
Exterior
Present Use Office,Other
Building
Construction Status Resale
Others
Tax ID 012006017000
Listed by Mainstreet REALTORS
Nearby Locations