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501 Main St Rochester, IN 46975

For Sale
$250,000

Large building, high ceilings, great potential.

Description

Added:
Feb 3, 2025
Days on Market:
308
This exceptional commercial property located at 501 Main Street, Rochester, Indiana, presents a remarkable investment opportunity for developers and savvy investors. The building boasts approximately 27,500 square feet of above-ground space, distributed across two levels. The main level encompasses nearly 20,000 square feet, with approximately 14,000 square feet situated above a concrete slab and an additional 6,000 square feet above a basement. A significant portion of the main level (6,000 square feet) retains its original hardwood flooring. The expansive basement provides convenient access for utility lines. The second level offers approximately 7,500 square feet, also featuring original hardwood floors and a well-maintained elevator shaft. Recent improvements include a new roof installed on the second level in 2022, and a certified professional completed asbestos removal in 2021. The sale includes valuable construction blueprints with state approvals, comprehensive records detailing past improvements, a detailed project management timeline, and a business planning data table, providing a solid foundation for future development or immediate occupancy. The property sits on a 0.47-acre lot. Priced at $250,000, this property offers significant potential for substantial return on investment.

Property Features for 501 Main St

General Information

Property type
Other commercial real estate
Lot Size
20,473 SF

Building Details

Year Built
1930

Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

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
Rochester
County
Fulton
State
Indiana
Longitude
-86.21531
Latitude
41.0692

FAQs

What type of property is this?
Commercial real estate - Large building, high ceilings, great potential.
Where is this commercial real estate located?
The property is located at 501 Main St Rochester, IN.
What is the asking price?
The asking price for this property is $250,000.
More about this property
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