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137 E Washington St - East Washington 137 LLC 29,906 SF Specialty Building Offered at $1,800,000 in Shelbyville, IN 46176
INVESTMENT HIGHLIGHTS
- Full size gymnasium with stage and kitchen along with parking garage in basement. With 12 apartments.
EXECUTIVE SUMMARY
DOWNTOWN OPPORTUNITIES
30,000 sq ft building for Lease or Sale zoned BC (Business Central) located at 137 E Broadway Shelbyville IN. Multi Use building with a full gym, stage, full basement with parking garage, commercial kitchen. This building has new utilities, fire alarm system, security camera system. The uses offices/retail/hotel/motel/church/sports complex/farmers market. Please look at photos and blue prints. We have 5 tenants at this time and has room for may more. Monthly rent collected this month was $4800 and if it was 100% occupied it could generate up to $8000 a month. 01/09/2018 New roof installed and all new windows. In 2020 we completely remodeled the gym floor and gym area. We will add the photos of the gym as soon as completed. We also own other properties that surround this property.
GREAT INVESTMENT OPPORTUNITY
Corner of E. Washington and N. Noble Street
TAXES & OPERATING EXPENSES (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$2,721
|
$0.09
|
| Operating Expenses |
$12,000
|
$0.40
|
| Total Expenses |
$14,721
|
$0.49
|
TAXES & OPERATING EXPENSES (ACTUAL - 2022)
| Taxes | |
|---|---|
| Annual | $2,721 |
| Annual Per SF | $0.09 |
| Operating Expenses | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $0.40 |
| Total Expenses | |
|---|---|
| Annual | $14,721 |
| Annual Per SF | $0.49 |
PROPERTY FACTS
AMENITIES
- Property Manager on Site
- Signage
- Air Conditioning
ABOUT 137 E WASHINGTON ST , SHELBYVILLE, IN 46176
Former National Guard Armory building turned into a Mixed use building. We have 5 studio apartments with own full bath (average rent at $800 a month per unit), 1 - 2 bedrooms, 1 bath $900, 1 - 2 bedroom and 2 full baths $1000 1 - 3 bedroom, 1 bath (finished date in a few months). Newley renovated Full gym with full stage, full commercial kitchen and handicap restrooms, parking garage below the building is actually being used for baseball/softball batting and pitching classes and for storage. The gym, kitchen and basement are rented out by the hour. This building has a brand new roof, windows and doors.
PROPERTY TAXES
| Parcel Number | 73-11-05-100-454.000-002 | Total Assessment | $100 (2024) |
| Land Assessment | $100 (2024) | Annual Taxes | $2,721 ($0.09/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Presented by
Christian Investments
137 E Washington St - East Washington 137 LLC
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