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    1001 Washington Avenue

    Vincennes, IN 47591
    • $369,900
    • STATUS: Active
    • ON SITE: 965 days
    • MLS #: 201807612
    $369,900
    • 0
      BEDS
    • 0.38
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,561
      SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1954
    County:
    Area:

    School Ratings & Info

    Description

    Tons of Space in this mixed use commercial building! The property currently has a 11% Cap Rate with only 4 out of the 7 units rented! This has potential to be a 14-16% Cap Rate which is unheard of in most markets! This property has great leases and income, with the front show room still available for lease. The 3rd part of the main level has an overhead door and separate entrance with warehouse storage and a freight elevator for the upper level. On the 2nd floor there are 3 recently remodeled apartments, all currently rented for $700/month each, bringing in $2100 monthly for additional income! There is another 3500 SF of upper level storage that could be made into more apartments or kept as storage. This property could be a money making machine when fully rented or a great business opportunity with extra income for your current business.

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    © 2020 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Parker Team | Keller Williams Realty. Data last updated: 2020-10-23T00:27:53.81.

    www.parkerteamhomes.com/homes/81217270
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    1001 Washington Avenue Vincennes, IN 47591

    • Price: $369,900
    • Status: Active
    • MLS #: 201807612
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.38
    Acres
    17,561
    SQFT
    $21
    $/SQFT
    1954
    Built
    Neighborhood:
    None
    County:
    Knox
    Area:
    Knox
    Property Description
    Tons of Space in this mixed use commercial building! The property currently has a 11% Cap Rate with only 4 out of the 7 units rented! This has potential to be a 14-16% Cap Rate which is unheard of in most markets! This property has great leases and income, with the front show room still available for lease. The 3rd part of the main level has an overhead door and separate entrance with warehouse storage and a freight elevator for the upper level. On the 2nd floor there are 3 recently remodeled apartments, all currently rented for $700/month each, bringing in $2100 monthly for additional income! There is another 3500 SF of upper level storage that could be made into more apartments or kept as storage. This property could be a money making machine when fully rented or a great business opportunity with extra income for your current business.
    Exterior Features

    Construction Type1 Block Driveway None Exterior BlockBrick Fence None Fire Doors YN No Location City Lot Dimensions Square Parcel Description 0-2.9999Corner Parking LotStreet Parking Spaces 10 Parking Type Off Street Parking YN Yes Road Access City Road Surface Paved Roof Material Rubber Security Light YN Yes Signs YN No Waterfront YN No

    Interior Features

    Basement Foundation Partial BasementUnfinished Basement YN Yes Bldg1 Above Grd Sq Ft 17561 Bldg1 Below Grd Sq Ft 2000 Bldg1 Fin Office Sq Ft 2600 Ceiling Height 10' Column Spacing 0 Cooling Central Air Flooring CarpetMixedTile Heating Fuel GasForced Air Interior Height 10' Interior Walls Drywall Internal Rooms OfficeShowroomWarehouse Special Features 220 VoltsFreight ElevatorOverhead Door 1BasementDisplay RoomDisplay Window(S)Office SpacePublic RestroomsReception Area Total Restrooms 2

    Property Features

    Annual Taxes 4631.3 Auction YN No Buildings 1 Burglar Alarm YN No Cable Company Cinergy Metronet Currently Leased YN No Documents Available None Easements None Electric Company Duke Energy Indiana Enterprise Zone No Equipment YN No Exemptions No Exemptions Fire Protection City For Sale Or Rent For Sale Gas Company Vectren Energy Ingress Egress Asphalt Inside City Limits Yes Known Soil Other Contaminants YN No Known Underground Storage Tanks YN No Lease Available YN No Lease Term Remaining N/A New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Present Use Office/ShowroomRetail Property Sub Type Mixed Use Property Use Vacant-Best For Owner/Usr Proposed Financing CashConventional Public Utilities Electric Hook-UpGas Hook-UpMun. Sewer Hook-UpMun. Water Hook-Up Reo YN No Restrictions None Sale Includes BuildingLand Security Gate YN No Sewer City Smoke Fire Alarm YN No Special Assessments None Sprinkler System YN No Tax Abatement No Township Vincennes Water Company Vincennes Water Utilities Water Heater YN Yes Water Softener YN No Water Utility City Year Taxes Payable 19 Pay 20 Zoning Description Commercial

    Listing courtesy of Tyler Simmons of Klein Rlty&Auction, Inc..
    © 2020 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Parker Team | Keller Williams Realty.


    © 2020 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Parker Team | Keller Williams Realty. Data last updated: 2020-10-23T00:27:53.81.

     
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    Parker Team | Keller Williams Realty
    3298 McCarty Lane Suite A
    Lafayette IN, 47905