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    206 W Washington St Rensselaer, IN 47978

    For Sale
    $399,000

    Mixed Use - Rensselaer, IN

    Type:Mixed Use
    Property size:
    4,846 SF
    Lot size:
    0.08 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 7 at 1:06 am

    Property Features for 206 W Washington St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Security features
    Smoke Detector(s)
    Rooms
    Basement
    APN
    370730004017123027
    Parking features
    On Street
    Interior features
    Eat-in Kitchen, Kitchen Island, High Ceilings, Granite Counters
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Size
    4,846 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1910
    Architectural style
    Other

    Re/Max Executives (219) 987-2230 [email protected]

    Listing agent Trisha Potts (219) 987-2230 License #RB14046118

    Listing date Nov 11, 2025

    MLS# 830662 Listing URL

    Copyright © 2025 Greater Northwest 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

    Rensselaer Mixed-Use Investment Opportunity

    Located in the heart of Rensselaer's bustling business district, this mixed-use investment property offers immediate passive income. The property features over 4800 square feet of completely renovated space. The lower level is a modern office space, complete with a lobby and separate reception area, 6 private offices, 2 commercial restrooms, a large break room, and a separate IT room. The upper level consists of a fully renovated 2-bedroom, 2-bath apartment with a kitchen and open concept living area. The property is listed at a price that supports over a 10 percent CAP rate and sits on a lot of 0.079 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jasper County WIC ... Non-Profit Organization

    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
    Rensselaer
    County
    Jasper
    State
    Indiana
    Longitude
    -87.152429
    Latitude
    40.935968

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      Rensselaer Farm Land For Sale

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    FAQs

    What type of property is this?
    Mixed-use property - Renovated mixed-use property in Rensselaer's business district with immediate income.
    Where is this mixed-use property located?
    The property is located at 206 W Washington St Rensselaer, IN.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Generates immediate passive income with over 10% CAP rate.; - Prime location in the heart of Rensselaer's bustling business district.; - Boasting over 4800 sq ft of completely renovated space.
    (219) 987-2230
    Request Owner's contact information
    206 W Washington St Rensselaer, IN 47978
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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
    206 W Washington St Rensselaer, IN 47978
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