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Historic-Character Mixed-Use Building
For Sale
$325,000

28 N Washington Street, Knightstown, IN 47362

INVESTMENT, Two Story, Knightstown, IN

Property Size7,872 SF
Lot Size0.10 Acres
Price / SF$41.29
Days on Market477

Property Features for 28 N Washington Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 2
Bathrooms 5
Full bathrooms 1
Half bathrooms 4
Rooms Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 5, Basement, Bathroom 3, Bathroom 4, Bedroom 2
Parking 2
Fireplace 1
Lot features City/ Town/ Suburb, Level
Elementary school Knightstown
Middle school Knightstown
High school Knightstown
Elementary school district C A Beard Memorial School Corp.
Middle school district C A Beard Memorial School Corp.
High school district C A Beard Memorial School Corp.
Directions GPS Friendly
Subdivision Henry County
Standard status Active
APN 33-16-33-241-268.000-030
Size 7,872 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description ORIG PLAT MID 60.5' LOT 2 BLK 5
Tax Annual Amount 2072
Legal Description ORIG PLAT MID 60.5' LOT 2 BLK 5

Utilities

Cooling system Central Air

Building Details

Year built 1900
Floors in Building 2
Number of units 5
Flooring type Wood, Vinyl
Architectural style Other
Listing Agency: F.C. Tucker/Crossroads Real Estate
Listed By: Cara Huffman · License #RB14039883
Added: May 9, 2025 Changed: Aug 19 Last Checked: Aug 28 at 10:06AM
MLS# 202517139

Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. 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.

This two-story mixed-use building contains five units within 7,872 square feet on a 0.103-acre parcel. The property dates to 1900 and blends period details, including wood flooring, high ceilings, exposed brick, and a fireplace, with updated plumbing and electrical systems. Central air is provided, and each unit has an updated bathroom.

The unit mix supports varied commercial and residential functions. Unit 24 includes a showroom, kitchenette, bathroom, and storage; Unit 26 offers a lobby, three private offices, and a washer/dryer connection. The second-floor 28A space has 14-foot ceilings and two open rooms, while 28B is a renovated two-bedroom apartment with an open layout. Unit 32 is another renovated commercial space.

Gas and electricity are separately metered for tenants, while the owner covers water. The property is located at 28 N Washington Street in Knightstown, Indiana, within Henry County.

Key Highlights

  • Five‑unit mixed‑use building with 7,872 square feet on 0.103 acres
  • Two‑story property built in 1900 with updated plumbing and electrical systems
  • Unit 28B includes a fully renovated two‑bedroom apartment

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Law Firm Electrical Service Auto Parts Store Plumbing Service (Bike/Boat/Book/etc) Store Nail Salon

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

1
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

270
Businesses Nearby

Demographics for 47362, IN

30,184
Population
12,523
Households
2.4
Avg Household Size
43
Median Age
15%
College-Educated
89%
High-School Grad
147.7 sq mi
ZIP Area
204
Density / Sq Mi
$56,564
Median Household Income
$38,568
Median Earnings
$792
Median Rent
$131,800
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 - Five-unit property combining renovated commercial spaces with a two-bedroom apartment and individually metered utilities.
Where is this mixed-use property located?
The property is located at 28 N Washington Street Knightstown, IN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Five‑unit mixed‑use building with 7,872 square feet on 0.103 acres; Two‑story property built in 1900 with updated plumbing and electrical systems; Unit 28B includes a fully renovated two‑bedroom apartment
More about this property
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