Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    113 Industrial Park Rd Washington, IN 47501

    For Sale
    $2,399,000

    5-Acre Commercial Property, Multi-Building

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional commercial property, situated at 113 N Industrial Park Road in Washington, Indiana, presents a unique investment opportunity. Spanning 5.08 acres, the complex boasts approximately 25,000 square feet of versatile space, ideally suited for a variety of business ventures. The property includes multiple buildings, offering a substantial 2,500 square feet of dedicated office space, along with several residential apartments, providing additional income potential or employee housing options. Its strategic location just off I-69 and US Highway 50 within a thriving business park ensures excellent visibility and accessibility. The property is zoned C-1, allowing for a range of commercial uses. For businesses requiring significant power, the property is equipped with 3-phase electrical service. Recent improvements include a new metal roof installed in September 2024, demonstrating a commitment to maintaining the property's high standards. The ample acreage offers significant room for expansion, making this a truly versatile and future-proof investment. The combination of office space, residential units, and expansive land area makes this property an attractive option for businesses seeking a comprehensive and adaptable workspace. The property's prime location and recent upgrades make it a compelling opportunity for growth and profitability. This is a rare chance to acquire a substantial commercial property in a rapidly developing area.

    Property Features for 113 Industrial Park Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    221,285 SF

    Building Details

    Year Built
    1988
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Daviess
    State
    Indiana
    Longitude
    -87.13603
    Latitude
    38.65707

    Nearby Similar for Sale

    • $314,500
      0.50 Acres

      Adaptable Commercial Property in Washington

      Multi-functional commercial property with adaptable space for various uses.
      206 S Meridian St, Washington, IN 47501
      View Details
    • $350,000
      0.15 Acres

      Mixed-Use Property in Downtown Washington

      Mixed-use commercial property with income potential in downtown Washington.
      520 E Van Trees St, Washington, IN 47501
      View Details
    • $53,500
      0.12 Acres

      Versatile Commercial Space Near Main

      Prime location near Main Street, suitable for office or retail.
      19 NE 3Rd St, Washington, IN 47501
      View Details
    • $351,000
      1.80 Acres

      Gateway Crossing Commercial Land

      High-visibility I-69 frontage, 1.8 acres.
      2 Gtwy Xing, Washington, IN 47501
      View Details
    • $324,480
      1.66 Acres

      Gateway Crossing Commercial Lot

      High-visibility I-69 commercial lot.
      3 Gtwy Xing, Washington, IN 47501
      View Details
    • $225,000
      0.13 Acres

      Prime Washington, IN Medical Building

      10-Office Brick Building, Great Location
      300 4Th St, Washington, IN 47501
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 5-Acre Commercial Property, Multi-Building
    Where is this commercial real estate located?
    The property is located at 113 Industrial Park Rd Washington, IN.
    What is the asking price?
    The asking price for this property is $2,399,000.
    (812) 486-7741
    Request Owner's contact information
    113 Industrial Park Rd Washington, IN 47501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    113 Industrial Park Rd
    Washington, IN 47501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    113 Industrial Park Rd Washington, IN 47501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.