Building Details

Year Built 1973

Buildings 1

Building Size 42,079 SF

Construction slab

Listing Agency: Whitetail Properties Real Estate

Listed By: Briar Meadors · License #58031 Show Phone

Source: Exprealty

Added: Aug 28 Changed: Sep 1 Last Checked: Sep 1 at 9:33PM

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Investment Insights

Based on property information with market context.

This former elementary school encompasses approximately 42,079 square feet under roof on +/-10.79 acres. Built in 1973, the property includes a 2001 addition, 16 classrooms, a front office, library, kitchen, stage, and a combined gymnasium and cafeteria measuring approximately 8,000 square feet. Multiple entrances, front and rear blacktop parking, 10 bathrooms, locker rooms with showers, and an elevator lift to the cafeteria stage remain in place. Complete building plans for the structure are included. The building is offered as-is.

Existing mechanical infrastructure includes 3 boilers, 2 chiller units, and 4 air handlers. The property is served by Otwell Sewer & Water, with power supplied to the main building by WIN Energy; the sign near SR 257 is separately powered by Dubois REC. The fire alarm system and elevator lift are believed to work, while certain air-conditioning and kitchen refrigeration components require repair or recharging.

Basketball and tennis courts are also present and await renovation. The property is located at 1869 N State Road 257 in Otwell, Indiana, approximately 10 miles from Jasper, 11 miles from Petersburg, 17 miles from Washington, and 58 miles from Evansville.

Key Highlights

• Approximately 42,079 square feet under roof on +/-10.79 acres
• 16 classrooms plus office, library, kitchen, stage, gym, and cafeteria areas
• Combined gymnasium and cafeteria spans approximately 8,000 square feet

Property Analytics

Current Use

Schools

Suggested Use

Top Pick Locksmith Storage Facility Grocery & Convenience Store Building Supply Restaurant Clothing & Fashion Store

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

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

39

Businesses Nearby

Explore this area Business Placement

Demographics for 47564, IN

1,375

Population

628

Households

2.2

Avg Household Size

44

Median Age

10%

College-Educated

79%

High-School Grad

38.6 sq mi

ZIP Area

36

Density / Sq Mi

$59,125

Median Household Income

$38,333

Median Earnings

$932

Median Rent

$148,100

Median Home Value

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Frequently Asked Questions

What type of property is this?

School - Large-footprint property combines classroom, administrative, kitchen, and athletic areas across a flexible single-level layout.

Where is this school located?

The property is located at 1869 N State Road 257 Otwell, IN.

What is the asking price?

The asking price for this property is $390,000.

What are key features of this property?

This property features: Approximately 42,079 square feet under roof on +/-10.79 acres; 16 classrooms plus office, library, kitchen, stage, gym, and cafeteria areas; Combined gymnasium and cafeteria spans approximately 8,000 square feet