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    123 N Market St Winamac, IN 46996

    For Sale
    $250,000

    Other - Winamac, IN

    Property size:
    8,552 SF
    Lot size:
    0.20 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 5 at 6:06 pm

    Property Features for 123 N Market St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Sprinkler System
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    4
    APN
    66-14-14-145-001.000-011
    EntryLevel
    Main,Below
    Exterior features
    Basement, Near Walking Trail, Ceiling-9+, Elevator, None
    Basement Y/N
    1
    Accessibility
    Accessible Elevator Installed
    Size
    8,552 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Number of units
    5
    Flooring type
    Carpet
    Building materials
    Brick
    Architectural style
    Other

    RE/MAX SELECT REALTY (WINAMAC) (574) 946-4015 [email protected]

    Listing agent Lisa Malchow (574) 946-4015 License #RB16001784

    Listing date Nov 11, 2025

    MLS# 202545600 Listing URL

    Copyright © 2025 North Central Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Winamac Commercial Brick Building

    Located in downtown Winamac, this commercial brick building offers 8,500 square feet of main floor space and an equal-sized full basement. Constructed in 1967, the building features a solid poured cement foundation and walls. Situated at the corner of Pearl and Market Streets, the property currently includes five rental suites, with the potential for further division to create additional rental opportunities. The building is equipped with multiple entrances, a cargo elevator, and a sprinkler system. This versatile commercial property is located in a prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winamac
    County
    Pulaski
    State
    Indiana
    Longitude
    -86.604779
    Latitude
    41.051534

    Nearby Similar for Sale

    • $250,000
      0.20 Acres

      Downtown Winamac Commercial Brick Building

      Versatile commercial property in a prime downtown location.
      123 N Market St, Winamac, IN 46996
      View Details
    • $250,000
      8,552 SF

      Downtown Winamac Mixed-Use Building

      Versatile commercial property in a prime downtown location.
      123 N Market St, Winamac, IN 46996
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    • $69,999
      1,104 SF

      Downtown Winamac Commercial Building

      Commercial building on a corner lot near the courthouse.
      101 E Pearl St, Winamac, IN 46996
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    • $69,999
      0.03 Acres

      Downtown Winamac Office Building

      Prime Corner Lot, High Potential
      101 Pearl St, Winamac, IN 46996
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile commercial property in a prime downtown location.
    Where is this retail space located?
    The property is located at 123 N Market St Winamac, IN.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Prime downtown Winamac location at the corner of Pearl and Market Streets.; - Substantial 8,500 sq ft main floor space with an additional 8,500 sq ft full basement.; - Potential for increased rental income by dividing the property into additional rental suites.
    (574) 946-4015
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123 N Market St Winamac, IN 46996
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