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Mixed-Use Property with Off-Street Parking
For Sale
$310,000

16-18-20 W Washington Street, Sullivan, IN 47882

SINGLE_FAMILY - Sullivan, IN

Property SizeContact for details
Lot Size0.24 Acres
Days on Market51

Property Features for 16-18-20 W Washington Street

General Information

Property type Residential
Property subtype Retail
Interior features Display Window, Inside Storage, Living Space, Handicap Access, Handicap Restroom
Accessibility Accessible Approach with Ramp
Subdivision Sullivan County
Standard status Active
APN 77-07-34-222-064.000-012
Lot size 0.24 Acres

Utilities

Heating system Natural Gas, Forced Air
Cooling system Central Air

Building Details

Additional Structures Storage
Listing Agency: CROSSROADS REAL ESTATE GROUP LLC
Listed By: Tipton Davis · License #RB23001701
Added: Jun 22 Changed: Aug 5 Last Checked: Aug 11 at 7:06AM
MLS# 109717

Copyright © 2026 Terre Haute Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Mixed-use property located at 16-18-20 W Washington Street in Sullivan, Indiana. The street level offers three retail/commercial suites, with two currently occupied and a third suited for a new tenant or owner-occupant. Above the commercial spaces are two leased apartments: a three-bedroom, two-bath unit and a one-bedroom, one-bath residence, creating multiple rental income streams.

An additional nearly 4,000 square feet of unfinished upper-level space is in the early stages of conversion, supporting the possibility of adding more apartments. The building also features off-street parking, handicap access including an accessible approach with ramp, and handicap restroom accommodations. Heating is provided by forced air natural gas, and cooling is available via central air.

The property includes interior features such as display windows, inside storage, and living space, along with updates throughout while retaining historic character.

Key Highlights

  • Off‑street parking for the mixed‑use building
  • Three street‑level retail/commercial suites; two are currently occupied
  • Two leased apartments above: three‑bedroom two‑bath and one‑bedroom one‑bath

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Parking Lot & Garage HVAC Service Dental Office

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

341
Businesses Nearby

Demographics for 47882, IN

8,487
Population
4,017
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
95%
High-School Grad
141.8 sq mi
ZIP Area
60
Density / Sq Mi
$53,522
Median Household Income
$34,916
Median Earnings
$846
Median Rent
$142,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use building with three street-level retail suites and two leased apartments above, plus off-street parking.
Where is this mixed-use property located?
The property is located at 16-18-20 W Washington Street Sullivan, IN.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Off‑street parking for the mixed‑use building; Three street‑level retail/commercial suites; two are currently occupied; Two leased apartments above: three‑bedroom two‑bath and one‑bedroom one‑bath
More about this property
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