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    215 Washington St Delphi, IN 46923

    Sponsored
    For Sale
    $189,900

    Prime Location, 10,000+ sq ft, Huge Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This stunning 10,000+ square foot, two-story commercial building at 215 S Washington Street in Delphi, Indiana, presents a unique investment opportunity. Built in the 1800s, this historic property boasts captivating architectural details, including exquisite stained-glass windows above the main entrance, elaborate moldings, and a grand open staircase. Its rich history includes previous uses as a hotel and social club lodge, and it currently serves as the home of the Carroll County Chamber of Commerce. The main floor offers versatile office and meeting spaces, ideal for a variety of commercial uses. Upstairs, a beautifully refinished reception room with gleaming hardwood floors provides an elegant setting. A former lodge area, complete with a stage, an ornate ceiling window, and a balcony, offers expansive possibilities for creative redevelopment. Situated on a 0.17-acre lot, this property enjoys a convenient location near local shops and restaurants, ensuring high visibility and accessibility. The building's substantial size and unique character make it perfectly suited for adaptive reuse as an event center, boutique hotel, or a mixed-use development. The asking price is $189,900. This is a rare chance to acquire a piece of Delphi's history and transform it into a thriving commercial enterprise.

    Property Features for 215 Washington St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1890
    Location Intelligence

    Current Use by Public Records

    Carroll County Chamber ... Chamber Of Commerce Indiana Bacon Festival Festival

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Delphi
    County
    Carroll
    State
    Indiana
    Longitude
    -86.67341
    Latitude
    40.58572

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, 10,000+ sq ft, Huge Potential
    Where is this commercial real estate located?
    The property is located at 215 Washington St Delphi, IN.
    What is the asking price?
    The asking price for this property is $189,900.
    (765) 838-2785
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    215 Washington St Delphi, IN 46923
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    Delphi, IN 46923
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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
    215 Washington St Delphi, IN 46923
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