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Property profile

221 Main St Winchester, IN 47394

OFF-MARKET
Office Spaces
Property ID
US31-1080516
View Sample
5,400 SF 0.35 ac lot Built 1927
Entity Owned 1-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

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 profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1927
Construction WOOD
Total area 5,400 SF
Lot 0.35 ac (15,115 SF)
APN 68-09-20-151-049.000-021
UPID US31-1080516

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2022
Price N/A
2020
Price N/A
2014
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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