All-Window Downtown
For Sale
$199,900
112 W Market St, Warsaw, IN 46580
Historic commercial space in Warsaw’s downtown district, near several restaurants and retail shops.
Property Size1,179 SF
Price / SF$169.55
Days on Market74
Property Features for 112 W Market St
General Information
Standard status
Active
Size
1,179 SF
Building Details
Year Built
1880
Listing Agency:
Our House Real Estate
Listed By:
Teresa Bakehorn · License #RB14022437
(574) 551-2601
Source:
Spencerchildersgroup
Added: Aug 4
Changed: Oct 9
Last Checked: Oct 7 at 5:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Our House Real Estate
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Investment Insights
Based on property information with market context.
This 1,179-square-foot storefront occupies a downtown Warsaw location with an all-window front that places merchandise, services, or displays directly along the street. The building dates to 1880, adding historic character to the commercial setting.
The property is situated on W Market St in Warsaw’s downtown district, within walking distance of several restaurants and near other retail shops. The surrounding district is described as an active area with ongoing growth and additional parking anticipated.
The property is situated on W Market St in Warsaw’s downtown district, within walking distance of several restaurants and near other retail shops. The surrounding district is described as an active area with ongoing growth and additional parking anticipated.
Key Highlights
- 1,179 SF storefront property
- All‑window storefront for strong street‑facing display area
- Located in downtown Warsaw at 112 W Market St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,954
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,080
$239.1K
Cap Rate 7%
$170,771
$170.8K
Cap Rate 9%
$132,822
$132.8K
Market Conditions
NOI Build-Up for 1,179 SF
Gross rent
$17.8K $15.12/SF
− Vacancy
−$749 −$0.64/SF
EGI
$17.1K $14.48/SF
− OpEx
−$5.1K −$4.35/SF
NOI
$12.0K $10.14/SF
Area
Kosciusko County, IN
Vacancy
4.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,080
Cap Rate 7%
$170,771
Cap Rate 9%
$132,822
Alternative Uses
Best Use
Retail
$170.8K
$149.4K – $199.2K
NOI $11,954 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$205.4K
$179.7K – $239.6K
NOI $14,378 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
80k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
McDonald's
Dining
24,588 visits/mo
0.4 miles
BP
Shops & Services
13,638 visits/mo
0.4 miles
Dollar General
Shops & Services
8,495 visits/mo
0.4 miles
KFC
Dining
7,547 visits/mo
0.5 miles
Marathon Petroleum
Shops & Services
5,319 visits/mo
0.2 miles
Demographics for 46580, IN
22,381
Population
8,873
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
88%
High-School Grad
71.1 sq mi
ZIP Area
315
Density / Sq Mi
$70,978
Median Household Income
$40,231
Median Earnings
$963
Median Rent
$175,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Village Florist Shop — 111 E Market St, Warsaw, IN 46580
Frequently Asked Questions
What type of property is this?
Storefront property - Historic commercial space in Warsaw’s downtown district, near several restaurants and retail shops.
Where is this storefront property located?
The property is located at 112 W Market St Warsaw, IN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,179 SF storefront property; All‑window storefront for strong street‑facing display area; Located in downtown Warsaw at 112 W Market St
