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Five-Unit Mixed-Use Building
For Sale
$325,000

28 N Washington St, Knightstown, IN 46148

Historic character pairs with updated plumbing, electrical, and individually metered gas and electric service.

Property Size7,872 SF
Price / SF$41.29
Days on Market467

Property Features for 28 N Washington St

General Information

Standard status Active
Size 7,872 SF
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $2,518
Listing Agency: F.C. Tucker/Crossroads Real Estate
Listed By: Cara Huffman · License #RB14039883
Source: Exprealty
Added: May 12, 2025 Changed: Aug 21 Last Checked: Aug 20 at 11:59AM

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 F.C. Tucker/Crossroads Real Estate

Investment Insights

Based on property information with market context.

This 7,872-square-foot mixed-use building contains five distinct units with a blend of commercial and residential layouts. Original hardwood floors, high ceilings, exposed brick, and updated plumbing and electrical create a character-rich interior profile. Each unit has an updated bathroom.

Unit 24 includes a showroom, kitchenette, bathroom, and storage. Unit 26 offers a lobby, three private offices, and washer/dryer connections. The second-floor Unit 28A has 14-foot ceilings and two large open rooms, while Unit 28B is a renovated two-bedroom apartment with an open floor plan. Unit 32 is a renovated commercial space.

Located at 28 N Washington St in Knightstown, the property includes individually metered gas and electric service. Tenants pay gas and electric, while ownership pays water.

Key Highlights

  • 7,872‑square‑foot mixed‑use building with five units
  • Original hardwood floors, tall ceilings, and exposed brick walls
  • Unit 24 includes showroom, kitchenette, bathroom, and storage

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Law Firm Electrical Service Auto Parts Store Plumbing Service (Bike/Boat/Book/etc) Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

270
Businesses Nearby

Demographics for 46148, IN

4,859
Population
2,137
Households
2.3
Avg Household Size
44
Median Age
22%
College-Educated
95%
High-School Grad
51.1 sq mi
ZIP Area
95
Density / Sq Mi
$62,951
Median Household Income
$44,236
Median Earnings
$849
Median Rent
$180,900
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Historic character pairs with updated plumbing, electrical, and individually metered gas and electric service.
Where is this mixed-use property located?
The property is located at 28 N Washington St Knightstown, IN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 7,872‑square‑foot mixed‑use building with five units; Original hardwood floors, tall ceilings, and exposed brick walls; Unit 24 includes showroom, kitchenette, bathroom, and storage
More about this property
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