For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $169,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision None
MLS Listing ID 202214918
Sold Date 04/05/23
Year Built 1900
Annual Tax Amount $2,160
Tax Year 2020
Lot Size 2,940 Sqft
Property Description
Current monthly revenue = $1,200.00 Potential monthly revenue = $3,000.00 Commercial Space #1 (718 E Main St) • Appx 1600 sq ft • Renovated 2022 • 5 year lease began in August 2022 with HBW Solutions • Total monthly income $600.00 • Central Air Heating/AC • Wired for restaurant use Commercial Space #2 (Address is not assigned) • Appx 600 sq ft • Undeveloped space that currently shares gas, electric, and water with Commercial Space #1 • Can be used as additional space for Commercial Space #1 or developed into separate space Studio Apartment (608 N 8th ST) • Renovated beginning of 2021 • Appx 800 sq ft (lower living space/upper bedroom area) • 1 year lease • Total monthly income $600.00 Upstairs • Appx 2900 sq ft • Could be divided up and used for multifamily or used as one large apartment (using for multifamily would drive up potential monthly revenue) • Partial renovations include o Demo of space o Floor plan reconfigured with some new framing o Plaster removed from exterior brick walls (Brick cleaned and ready to seal o Plumbing rough-in complete o HVAC rough-in complete (Heat pump not set) o New 200-amp electrical service o Some electrical rough-in complete o 9 new Sun Aluminum clad windows (Architectural Correct) o 10 original windows with sashes restored and ready to finish out o 75% of original hardwood floors in good shape and able to be restored • Overall space is ready to move forward Exterior Parapet wall complete rebuilt by Architectural Renovators in Fall of 2020 (Original Architectural details restored) • Previous owners had new high rib metal roof installed appx 15 years ago • Metal roof had spray on rubber coating installed in Spring of 2020
Location
State IN
Area Pike County
Direction From SR 61, take a left by the Pike County Courthouse. Building will be on the corner of MainStreet and 8th Street.
Interior
Flooring Laminate
Appliance Building, Lease
Laundry , 5
Exterior
Waterfront No
Roof Type Metal,Rubber
Parking Type Street
Total Parking Spaces 5
Building
Story 2
New Construction No
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
IDX information provided by the Indiana Regional MLS
Bought with SWIAR NonMember • NonMember SWIAR