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    16-18-20 W Washington St Sullivan, IN 47882

    For Sale
    $330,000

    Retail/Service - Sullivan, IN

    Lot size:
    0.24 Acres
    Days on Market:
    75
    Last Refresh:
    Dec 7 at 5:06 pm

    Property Features for 16-18-20 W Washington St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Comm
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    5
    Interior features
    Display Window, Inside Storage
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    PREFERRED REALTY (812) 249-3920

    Listing agent BECKY KLINGELE (812) 249-3920 License #RB14028499

    Listing date Sep 24, 2025

    MLS# 106512 Listing URL

    Copyright © 2025 Terre Haute Area 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 Sullivan Mixed-Use Investment Property

    Located in the heart of downtown Sullivan, this mixed-use property is situated on the north side of the courthouse square. The property includes three main floor commercial spaces, two of which are currently occupied by established businesses, with the third space recently vacated and available for a new venture. Additionally, there are two tenant-occupied apartments upstairs: one unit with one bedroom and one bathroom, and another with three bedrooms and two bathrooms. The property also features unfinished space upstairs, offering approximately 4,000 square feet of room for expansion to create two to three additional apartments. Off-street parking is available on the east side of the property. The lot size is 0.24 acres.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sullivan
    County
    Sullivan
    State
    Indiana
    Longitude
    -87.407671
    Latitude
    39.095556

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    FAQs

    What type of property is this?
    Mixed-use property - Cash-flowing mixed-use property in downtown Sullivan with commercial and residential spaces.
    Where is this mixed-use property located?
    The property is located at 16-18-20 W Washington St Sullivan, IN.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: - Cash-flowing, turn-key property in downtown Sullivan.; - Three main floor commercial spaces, two currently occupied.; - Two tenant-occupied apartments (1-bed/1-bath and 3-bed/2-bath).
    (812) 249-3920
    Request Owner's contact information
    16-18-20 W Washington St Sullivan, IN 47882
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    Sullivan, IN 47882
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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
    16-18-20 W Washington St Sullivan, IN 47882
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