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    203 Washington St Fairmount, IN 46928

    For Sale
    $194,900

    1880s Home, 0.28 Acres, Huge Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This stunning 1880 property located at 203 E Washington Street, Fairmount, Indiana, presents a unique investment opportunity. The JW Patterson House, a significant piece of Fairmount's history, boasts a substantial footprint on a 0.28-acre lot. Previously home to prominent civic leaders Nixon Winslow, Levi Scott, and Joseph Patterson, this grand home offers endless possibilities for adaptive reuse. Its expansive layout and original architectural details provide a solid foundation for restoration or creative reimagining. The property's massive size allows for a variety of potential uses, from a stunning private residence to a unique commercial venture. The home's classic craftsmanship and charm are evident throughout, offering a blank canvas for a visionary owner. This is a rare chance to acquire a piece of Fairmount's rich history and transform it into something extraordinary. The asking price is $194,900. Don't miss this exceptional opportunity.

    Property Features for 203 Washington St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    12,197 SF

    Building Details

    Year Built
    1888
    Location Intelligence

    Current Use by Public Records

    Cool Cat Garfield Tourist Attraction The James Dean Museum Museum

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairmount
    County
    Grant
    State
    Indiana
    Longitude
    -85.64925
    Latitude
    40.4159

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    FAQs

    What type of property is this?
    Commercial real estate - 1880s Home, 0.28 Acres, Huge Potential
    Where is this commercial real estate located?
    The property is located at 203 Washington St Fairmount, IN.
    What is the asking price?
    The asking price for this property is $194,900.
    (765) 662-9202
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    203 Washington St Fairmount, IN 46928
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    Fairmount, IN 46928
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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
    203 Washington St Fairmount, IN 46928
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