Office Building with
For Sale
$475,000
Pending
3201 E Center Street, Warsaw, IN 46582
COMMERCIAL, Warsaw, IN
Property Size4,482 SF
Lot Size1.13 Acres
Days on Market170
Property Features for 3201 E Center Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Directions
From Warsaw, take Center St East across US 30.
Subdivision
Kosciusko County
Standard status
Pending
APN
43-11-10-200-161.000-032
Lot size
1.13 Acres
Taxes and HOA fees
Tax Year
51
Tax Description
4-52-46.CA TR W 1/2 SE 10-32-6 1.13A
Tax Annual Amount
10194
Legal Description
4-52-46.CA TR W 1/2 SE 10-32-6 1.13A
Utilities
Cooling system
Central Air
Building Details
Year built
1981
Flooring type
Carpet
Roof type
Shingle
Listing Agency:
Brian Peterson Real Estate
Listed By:
Brian Peterson
(574) 268-1899
Added: May 4
Changed: Oct 16
Last Checked: Oct 20 at 5:06AM
MLS# 202616759
Copyright © 2026 Kosciusko Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office building provides approximately 4,482 square feet of above-grade finished space along with 1,600 square feet below grade. The interior includes multiple private offices, a reception area, kitchen space, and storage, with drywall, carpet, and other durable flooring. Nine-foot ceilings, forced-air heating, and central air conditioning support a practical workplace environment. The building was constructed in 1981 and has a shingle roof.
The property occupies approximately 1.13 acres at 3201 E Center Street in Warsaw, Indiana, with access to city utilities and paved parking. Its position just off US 30 provides a direct connection to the surrounding road network. Mixed-use zoning supports office, medical, and other commercial applications, while the current vacancy allows a new owner to occupy or reconfigure the space.
The property occupies approximately 1.13 acres at 3201 E Center Street in Warsaw, Indiana, with access to city utilities and paved parking. Its position just off US 30 provides a direct connection to the surrounding road network. Mixed-use zoning supports office, medical, and other commercial applications, while the current vacancy allows a new owner to occupy or reconfigure the space.
Key Highlights
- Approximately 4,482 SF of finished above‑grade office space
- Additional 1,600 SF below‑grade area
- Approximately 1.13 acres with paved parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,847
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,940
$836.9K
Cap Rate 7%
$597,814
$597.8K
Cap Rate 9%
$464,967
$465.0K
Market Conditions
NOI Build-Up for 4,482 SF
Gross rent
$71.5K $15.96/SF
− Vacancy
−$15.7K −$3.51/SF
EGI
$55.8K $12.45/SF
− OpEx
−$13.9K −$3.11/SF
NOI
$41.8K $9.34/SF
Area
Kosciusko County, IN
Vacancy
22.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,940
Cap Rate 7%
$597,814
Cap Rate 9%
$464,967
Alternative Uses
Best Use
Office B
$597.8K
$523.1K – $697.5K
NOI $41,847 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$780.8K
$683.2K – $911.0K
NOI $54,658 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Explore this area
Business Placement
Demographics for 46582, IN
14,151
Population
7,064
Households
2
Avg Household Size
38
Median Age
35%
College-Educated
91%
High-School Grad
57.6 sq mi
ZIP Area
246
Density / Sq Mi
$67,161
Median Household Income
$43,031
Median Earnings
$1,085
Median Rent
$231,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Vacant mixed-use office property with multiple offices, reception, kitchen, storage, paved parking, and central air conditioning.
Where is this office building located?
The property is located at 3201 E Center Street Warsaw, IN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Approximately 4,482 SF of finished above‑grade office space; Additional 1,600 SF below‑grade area; Approximately 1.13 acres with paved parking
