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Investment Highlights
- High-visibility, prime Warsaw, IN location, Priced below recent appraisal. 20 private parking spaces. Shared circular drive and a private drive
- Brick structure, separate HVAC systems for each side, security system, garage, Cat 5 wiring throughout, whole building generator
- Potential uses: Office (insurance, legal, medical, real estate), multi-family (up to 3 units), single family home. Upper level kitchen. 3 half baths.
Executive Summary
Located on East Center Street in Warsaw, this high-visibility property offers exceptional versatility and opportunity. Originally constructed as a stately 4,400+ sq. ft. brick residence, it has served as a professional office for the past 50 years. Zoned R-2, the property presents a wide range of potential uses, including conversion back to an historic single-family home featuring a grand staircase and a striking (currently non-working) fireplace; professional office space (ideal for insurance, legal, or real estate use); retail; or multi-family living with up to three units. With three separate front entrances, the layout also lends itself perfectly to a live/work arrangement-occupy one side while operating a business or studio in the other.
Interior features include two front staircases, a rear staircase, and three (possible four) half baths (with potential to readily convert one to a full bath). The west-side north room includes a dedicated A/C setup with its own thermostat, previously used for server equipment. Additional amenities include a partial basement for storage and a detached maintenance garage with office space. The property is equipped with a natural gas whole-building generator with automatic transfer switch, Cat 5 wiring throughout, in-room speaker wiring, Metronet underground fiber, separate HVAC systems for each side, and a security system covering both the main building and garage. Outside, enjoy easy ingress and egress off Center Street via a shared circular driveway and the rare benefit of 20 private parking spaces. There's also a private gravel egress on the west side. Priced below recent appraisal, this unique property is ideally positioned in a prime Warsaw location with endless possibilities.
Interior features include two front staircases, a rear staircase, and three (possible four) half baths (with potential to readily convert one to a full bath). The west-side north room includes a dedicated A/C setup with its own thermostat, previously used for server equipment. Additional amenities include a partial basement for storage and a detached maintenance garage with office space. The property is equipped with a natural gas whole-building generator with automatic transfer switch, Cat 5 wiring throughout, in-room speaker wiring, Metronet underground fiber, separate HVAC systems for each side, and a security system covering both the main building and garage. Outside, enjoy easy ingress and egress off Center Street via a shared circular driveway and the rare benefit of 20 private parking spaces. There's also a private gravel egress on the west side. Priced below recent appraisal, this unique property is ideally positioned in a prime Warsaw location with endless possibilities.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,476 SF
Building Class
B
Year Built/Renovated
1860/2015
Price
$569,000
Price Per SF
$127.12
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,238 SF
Building FAR
0.19
Lot Size
0.54 AC
Zoning
R-2 - Zoned as R-2, this property presents a wide range of potential uses.
Parking
20 Spaces (4.47 Spaces per 1,000 SF Leased)
Amenities
- Reception
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
- Backup Power / Generators
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 43-11-09-300-672.000-032 | Total Assessment | $268,700 (2025) |
| Land Assessment | $85,800 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $182,900 (2025) | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
43-11-09-300-672.000-032
Land Assessment
$85,800 (2025)
Improvements Assessment
$182,900 (2025)
Total Assessment
$268,700 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024 Payable 2025
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1015 E Center St
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