Multi-Building Flex and
1057 E 350 N Warsaw, IN 46582
1057 E 350 N, Warsaw, IN, 46582
$375,000
For Sale
$375,000
COMMERCIAL - Warsaw, IN
Property Size4,500 SF
Lot Size0.61 Acres
Price / SF$83.33
Days on Market74
Property Features for 1057 E 350 N
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Off Street
- Standard status
- Active
- APN
- 43-07-27-300-739.000-016
- Lot size
- 0.61 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 029-107-005.AA PT NW NW SW 27-33-6 0.61A PER CALC
- Tax Annual Amount
- 1456
Utilities
- Cooling system
- Multi Units, Central Air
Building Details
- Year built
- 1979
- Flooring type
- Vinyl, Concrete
- Roof type
- Metal
Listing agency
Blackwell Real Estate
(574) 267-6280
Listed by
Dave Blackwell · License #RB14014777
(574) 453-8143
Added: May 11 Updated: Jul 11 at 10:31AM Checked: Jul 23 at 4:06AM
MLS# 202617545
Copyright © 2026 Kosciusko Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Two multi-purpose buildings sit on six-tenths of an acre just northeast of Warsaw. The east building measures 40 by 63 feet and was constructed in 1979 using Morton Buildings. It contains two separate, modern office suites: Unit A includes a front reception area with kitchen/break room, two private offices, and a full restroom; Unit B offers a reception area with kitchen/break room, three private offices, and a full restroom. Each suite has separately metered gas and electric, and both feature newer Carrier high-efficiency furnaces and newer AC units. The rear storage area includes large sliding doors at the front and rear, along with a loft area above the offices for storage.
The south building is 30 by 66 feet and was constructed in 1991 using Pacemaker. It is currently divided into three units (with the ability to be configured into five), and it has five overhead doors. The end units include two overhead doors and a service/entrance door, while the middle unit has an overhead door and can also be accessed through a service door from the east end unit.
The property offers ample gravel parking and is zoned commercial. The seller pays taxes, insurance, and maintenance, along with snow plowing and trash service. NIPSCO gas, REMC electric, a shared 4-inch well, and a private septic system serve the property, and fiber optic internet service is available.
The south building is 30 by 66 feet and was constructed in 1991 using Pacemaker. It is currently divided into three units (with the ability to be configured into five), and it has five overhead doors. The end units include two overhead doors and a service/entrance door, while the middle unit has an overhead door and can also be accessed through a service door from the east end unit.
The property offers ample gravel parking and is zoned commercial. The seller pays taxes, insurance, and maintenance, along with snow plowing and trash service. NIPSCO gas, REMC electric, a shared 4-inch well, and a private septic system serve the property, and fiber optic internet service is available.
Key Highlights
- Two commercial multi‑purpose buildings on 0.6 acre near Warsaw, with zoning commercial and separate office and flex/overhead door space
- East building is 40x63 built in 1979 (Morton Buildings) with two separate office suites, each with reception, kitchen/break room, private offices, and a full restroom
- Both office suites have separately metered gas & electric plus newer Carrier high‑efficiency furnaces and newer AC units
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.7k | $9.48 |
| − Vacancy | −$2.9k | −$0.64 |
| EGI | $39.8k | $8.84 |
| − OpEx | −$13.9k | −$3.09 |
| NOI | $25.8k | $5.74 |
4,500 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 35.00%
Alternative Uses
Best Use
Office B
$600.2K
$525.2K – $700.3K
NOI $42,015 @ 7.0% cap · market cap 11.20%
Second Best
Flex RnD
$369.2K
$323.0K – $430.7K
NOI $25,843 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$784.0K
$686.0K – $914.6K
NOI $54,878 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two flex/warehouse buildings totaling office suites, storage lofts, overhead doors, and ample gravel parking on a commercial-zoned lot.
Where is this flex space located?
The property is located at 1057 E 350 N Warsaw, IN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two commercial multi‑purpose buildings on 0.6 acre near Warsaw, with zoning commercial and separate office and flex/overhead door space; East building is 40x63 built in 1979 (Morton Buildings) with two separate office suites, each with reception, kitchen/break room, private offices, and a full restroom; Both office suites have separately metered gas & electric plus newer Carrier high‑efficiency furnaces and newer AC units
