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Flex Space with Multiple Workshops

206 S Meridian Street, Washington, IN 47501

For Sale
$284,900

Climate-controlled finished space pairs private rooms and a reception area with two workshop areas for flexible commercial operations.

Property Size3,808 SF
Price / SF$74.82
Days on Market545

Property Features for 206 S Meridian Street

General Information

Standard status Active
Size 3,808 SF
Property subtype Commercial
Zoning Commercial

Additional Details

Drive-In Doors 5
Property Use Workshop

Building Details

Building Size 3,808 SF
Year Built 1985
Listing Agency: Key Associates Signature Realty
Listed By: Kara Hinshaw · License IN RB14036710
Source: Johnsonrealtysource
Added: May 19, 2025 Changed: Nov 11 Last Checked: Nov 13 at 8:31AM

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 Key Associates Signature Realty

Rey
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Investment Insights

Based on property information with market context.

This 3,808-square-foot flex property includes finished, climate-controlled space with three private rooms configured for office or storage use, a reception area, and a full bathroom. Two separate workshop areas provide additional work and storage space. One workshop has two overhead doors, while the other has three, supporting access for vehicles or equipment.

Built in 1985, the property is zoned Commercial. Its configuration brings enclosed finished space and workshop areas together within one property.

Key Highlights

  • 3,808 square feet of flex space
  • Three private rooms for office or storage use
  • Two workshop areas, with two overhead doors in one and three in the other

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Real Estate Agency Law Firm Daycare Center Building Supply

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

5
Drive-in doors

Location Intelligence

Trade Area within ½ mile

542
Businesses Nearby
Under-served
Demand for This Use

Demographics for 47501, IN

18,003
Population
7,696
Households
2.3
Avg Household Size
39
Median Age
16%
College-Educated
85%
High-School Grad
139.4 sq mi
ZIP Area
129
Density / Sq Mi
$60,476
Median Household Income
$36,750
Median Earnings
$857
Median Rent
$155,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - Climate-controlled finished space pairs private rooms and a reception area with two workshop areas for flexible commercial operations.
Where is this flex space located?
The property is located at 206 S Meridian Street Washington, IN.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: 3,808 square feet of flex space; Three private rooms for office or storage use; Two workshop areas, with two overhead doors in one and three in the other
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