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    221 Main St Winchester, IN 47394

    Sponsored
    For Lease
    $10 SF/Yr ($4,500 /Mo)

    Prime location, flexible suites, recent renovation.

    Lot size:
    5,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property at 221 N Main St, Winchester, IN, offers 5,400 square feet of versatile office space in a renovated building. Located in Randolph County, this single-story, Class B building boasts a prime location on a busy Winchester street. Built in 1935 and extensively renovated in 2022, the property features three suites, with a minimum divisible space of 800 square feet and a maximum contiguous space of 3,700 square feet currently available. The total vacant space is 3,700 square feet, ideal for a single tenant or multiple occupants. The 0.35-acre lot provides ample parking. The property is zoned C1 Commercial, allowing for a variety of office or retail uses. This is a rare opportunity to secure a well-maintained, conveniently located office space in a thriving community. The building's recent renovation ensures modern amenities and functionality. Its central location and flexible layout make it suitable for a wide range of businesses. Don't miss this chance to establish your presence in a vibrant commercial area.

    Property Features for 221 Main St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,400 SF
    Class
    B
    Total Rate
    4500

    Building Details

    Year Built/Renovated
    1935/2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    3,700 SF
    Rate per SF
    $10

    HighLights

    • 5,400 SF of versatile office space in a renovated building at 221 N Main St, Winchester, IN.
    • Single‑story, Class B building on a busy street in Randolph County.
    • Three suites available, with 3,700 SF of contiguous space currently vacant, divisible to 800 SF minimum.
    • 0.35‑acre lot with ample parking.
    • C1 Commercial zoning allows for office or retail uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Randolph
    State
    Indiana
    Longitude
    -84.981307643731
    Latitude
    40.174240465731

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    FAQs

    What type of property is this?
    Office space - Prime location, flexible suites, recent renovation.
    Where is this office space located?
    The property is located at 221 Main St Winchester, IN.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 5,400 SF of versatile office space in a renovated building at 221 N Main St, Winchester, IN.; Single-story, Class B building on a busy street in Randolph County.; Three suites available, with 3,700 SF of contiguous space currently vacant, divisible to 800 SF minimum.
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    Winchester, IN 47394
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    221 Main St Winchester, IN 47394
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