Mixed-Use Building with
For Sale
Contact for pricing
1422 E Center St, Warsaw, IN 46580
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 Market110
Property Features for 1422 E Center St
General Information
Standard status
Active
Size
2,544 SF
Class
B
Total Parking Spaces
10
Property subtype
Retail, Office, Mixed Use
Zoning
R2
Occupancy
50%
Additional Details
Traffic Count
9,500 vehicles/day
Building Details
Year Built
1910
Year Renovated
2023
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Rev Commercial Real Estate
Listed By:
James Jamicich · License #RB23000015
Source:
Crexi
Added: Jul 11
Changed: Oct 25
Last Checked: Oct 28 at 5:10AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,970
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,400
$319.4K
Cap Rate 7%
$228,143
$228.1K
Cap Rate 9%
$177,444
$177.4K
Market Conditions
NOI Build-Up for 2,544 SF
Gross rent
$27.5K $10.80/SF
− Vacancy
−$1.9K −$0.76/SF
EGI
$25.6K $10.04/SF
− OpEx
−$9.6K −$3.77/SF
NOI
$16.0K $6.28/SF
Area
Kosciusko County, IN
Vacancy
7.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,400
Cap Rate 7%
$228,143
Cap Rate 9%
$177,444
Alternative Uses
Best Use
Retail
$368.5K
$322.4K – $429.9K
NOI $25,795 @ 7.0% cap · market cap 11.22%
Second Best
Office B
$339.3K
$296.9K – $395.9K
NOI $23,752 @ 7.0% cap · market cap 10.33%
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
9,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
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Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
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
