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Mixed use on the courthouse square 16-18-20 W Washington St 12,274 SF 100% Leased Retail Building Sullivan, IN 47882 $330,000 ($26.89/SF)

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INVESTMENT HIGHLIGHTS

  • Great location downtown on the square
  • Open floor plans, many with exposed brick walls
  • Lots of natural light and room to expand

EXECUTIVE SUMMARY

Here is a turn-key property that is cash-flowing in the heart of downtown Sullivan IN on the north side of the courthouse square. You will love the historical details that also feature updated improvements. There are 3 main floor commercial spaces with 2 leased businesses in operation - a chiropractic office and a thrift retail store. The 3rd space is currently a tea room with retail but will be vacant in March '25, allowing for a variety of new business options to explore the space. The 2 upstairs apartments have a great rental history - one is an efficiency and the other is 3 bedrooms/2 baths and both are tenant-occupied. Ask your commercial agent for a tour and get ready to grow your wealth in 2025 and beyond.

ATTACHMENTS

flyer

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
12,274 SF
Building Class
B
Year Built/Renovated
1919/2024
Price
$330,000
Price Per SF
$26.89
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.47
Lot Size
0.11 AC
Zoning
C - Commercial
Frontage
65’ on Washington

AMENITIES

  • 24 Hour Access
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 77-07-34-222-019.000-012
  • 77-07-34-222-064.000-012
Land Assessment
$18,000
Improvements Assessment
$16,700
Total Assessment
$34,700
  • Listing ID: 34149176

  • Date on Market: 12/10/2024

  • Last Updated:

  • Address: 16-18-20 W Washington St, Sullivan, IN 47882

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