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Elwood City Building 1601 Main St 24,780 SF 100% Leased Office Building Elwood, IN 46036 $275,000 ($11.10/SF)
INVESTMENT HIGHLIGHTS
- Three stories, basement and attached garages.
EXECUTIVE SUMMARY
Basement is 7810sf, 1st floor 7810sf, 2nd 3935sf, 3rd 3875sf, 4th 1250sf. You also have garage areas attached as well. Located in the downtown area of Elwood, Indiana, Madison County. A stage on the 3rd floor, educational rooms, offices, character throughout this building and attached garages. There could be other uses for this type of commercial building, with possible grants and incentives that might be available for a qualified buyer. Basement is 7810sf, 1st floor 7810sf, 2nd 3935sf, 3rd 3875sf, 4th 1250sf. This owner has used this for building for storage the last several years. Check about Joint Venture possibilities with this property! Please download the attached flyer and it's information.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
24,780 SF
Building Class
C
Year Built/Renovated
1900/1970
Price
$275,000
Price Per SF
$11.10
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
8,260 SF
Building FAR
1.42
Lot Size
0.40 AC
Zoning
C1 - Business, however the city would like to see this occupied and reused. Grants could be available.
AMENITIES
- 24 Hour Access
- Signage
- Storage Space
- Open-Plan
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 48-04-15-202-087.000-027 | Improvements Assessment | $548,200 |
| Land Assessment | $16,000 | Total Assessment | $564,200 |
PROPERTY TAXES
Parcel Number
48-04-15-202-087.000-027
Land Assessment
$16,000
Improvements Assessment
$548,200
Total Assessment
$564,200
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Elwood City Building | 1601 Main St
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