1601 Main St Elwood, IN 46036-2025

This impressive three-story building, situated at 1601 Main Street in Elwood, Indiana, offers a substantial 24,870 square feet of space on a 0.4-acre lot. Located in the heart of downtown Elwood, Madison County, this historic structure boasts a wealth of character and unique features. The building includes a full basement and attached garages, providing ample storage and potential for expansion. The interior features educational rooms, offices, and a notable stage on the third floor, suggesting a rich history of diverse uses. While currently utilized for storage, the building's versatile layout presents numerous possibilities for redevelopment. Its size and central location make it ideal for a variety of commercial ventures. The potential for grants and incentives may be available to qualified buyers, further enhancing the investment opportunity. This property represents a rare chance to acquire a significant piece of Elwood's history and transform it into a thriving commercial space. The building's substantial square footage, coupled with its prime downtown location and unique features, makes it a compelling investment prospect. Serious inquiries are encouraged to explore the full potential of this remarkable property. The asking price is $275,000.