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Fully Leased Commercial Building
For Sale
$999,000

620 - 640 E Washington St, Winchester, IN 47394

Fully leased commercial building on State Road 32.

Property Size10,184 SF
Price / SF$98.10
Days on Market170

Property Features for 620 - 640 E Washington St

General Information

Standard status Active
Size 10,184 SF

Building Details

Year Built 1972
Listing Agency: Tarter Realty Auction and Appraisal Company
Listed By: Paul Faddis · License #RB15000347
Source: Callcriswell
Added: Mar 26 Changed: Sep 8 Last Checked: Sep 11 at 1:11PM

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 Tarter Realty Auction and Appraisal Company

Investment Insights

Based on property information with market context.

This commercial building is located on State Road 32 in Winchester. The property is fully leased to established tenants, including a Verizon store, Pizza King, a Mexican restaurant, and a meat market. Situated in a high-traffic area, the building is surrounded by other businesses such as gas stations, restaurants, convenience stores, and medical offices. It is located minutes from Walmart and near Highway 27. The property is zoned C2 and features excellent visibility, paved parking, large display windows, and four overhead doors. This property is a turnkey investment opportunity in a commercial corridor.

Key Highlights

  • Fully leased commercial building with established tenants providing immediate income.
  • Located in a high‑traffic area on State Road 32, ensuring excellent visibility and customer access.
  • Zoned C2, suitable for a wide range of commercial uses.

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Dental Office Building Supply Real Estate Agency Garden Center (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

521
Businesses Nearby
Under-served
Demand for This Use

Demographics for 47394, IN

8,064
Population
3,689
Households
2.2
Avg Household Size
43
Median Age
14%
College-Educated
92%
High-School Grad
122.1 sq mi
ZIP Area
66
Density / Sq Mi
$66,335
Median Household Income
$39,872
Median Earnings
$780
Median Rent
$110,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Fully leased commercial building on State Road 32.
Where is this shopping center located?
The property is located at 620 - 640 E Washington St Winchester, IN.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Fully leased commercial building with established tenants providing immediate income.; Located in a high‑traffic area on State Road 32, ensuring excellent visibility and customer access.; Zoned C2, suitable for a wide range of commercial uses.
More about this property
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