Mixed-Use Building with
1422 E Center St Warsaw, IN 46580
1422 E Center St, Warsaw, IN, 46580
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For Sale
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Fully renovated mixed-use building with two leasable suites, updated kitchens, restrooms, and 10 dedicated parking spaces.
Property Size2,544 SF
Price / SF$90.41
Days on Market15
Property Features for 1422 E Center St
General Information
- Standard status
- Active
- Size
- 2,544 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1910
Listing agency
Rev Commercial Real Estate Brokerage LLC
Listed by
James Jamicich · License #RB23000015
Source
Crexi
Added: Jul 9 Updated: Jul 22 at 11:50PM Checked: Jul 22 at 11:50PM
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 Rev Commercial Real Estate Brokerage LLC
Investment Insights
Based on property information with market context.
1422 E Center St is a fully renovated mixed-use property that offers flexible income potential through two separate suites that can be leased independently or combined for a single user. The building was remodeled in 2023 and features updated finishes throughout, including two kitchens and three restrooms, with a roof that is approximately three years old.
The property is positioned directly on E Center Street and is supported by frontage exposure to reported 9,500 vehicles per day. On-site, it includes 10 dedicated parking spaces, supporting a range of professional and service-oriented uses.
With a flexible layout and multiple interior improvements already in place, the space is suited to professional office, medical office, retail, service business, or live/work configurations.
The property is positioned directly on E Center Street and is supported by frontage exposure to reported 9,500 vehicles per day. On-site, it includes 10 dedicated parking spaces, supporting a range of professional and service-oriented uses.
With a flexible layout and multiple interior improvements already in place, the space is suited to professional office, medical office, retail, service business, or live/work configurations.
Key Highlights
- 2,544 SF mixed‑use building with two suites that can be leased separately or combined for one user
- Fully renovated in 2023 with updated finishes throughout, including 2 kitchens and 3 restrooms
- Roof is 3 years old
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.5k | $10.80 |
| − Vacancy | −$1.9k | −$0.76 |
| EGI | $25.6k | $10.04 |
| − OpEx | −$9.6k | −$3.77 |
| NOI | $16.0k | $6.28 |
2,544 SF · lease $10.80/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$368.5K
$322.4K – $429.9K
NOI $25,795 @ 7.0% cap · market cap 11.22%
Second Best
Healthcare Medical
$353.3K
$309.1K – $412.1K
NOI $24,728 @ 7.0% cap · market cap 10.75%
Theoretical Best
Office A
$443.2K
$387.8K – $517.1K
NOI $31,024 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Home Helpers Home ...
Home Health Care Service
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FAQs
What type of property is this?
Live-work space - Fully renovated mixed-use building with two leasable suites, updated kitchens, restrooms, and 10 dedicated parking spaces.
Where is this live-work space located?
The property is located at 1422 E Center St Warsaw, IN.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 2,544 SF mixed‑use building with two suites that can be leased separately or combined for one user; Fully renovated in 2023 with updated finishes throughout, including 2 kitchens and 3 restrooms; Roof is 3 years old
