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    505 9Th St Goshen, IN 46528

    Sponsored
    For Sale
    $349,000

    Mixed-use building, great potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This unique Goshen, Indiana property offers a compelling investment opportunity. Located at 505 S 9th Street, this mixed-use building combines a 1,360 square foot, early 1900s single-family home with an attached 5,000 square foot warehouse on a 9,148 square foot lot. Currently utilized as a warehouse with one month-to-month tenant (no formal lease), the property boasts a rich history, previously operating as a printing shop. The front portion, subject to zoning and building department verification, could be converted back into a 1.5-story residential space, ideal for live/work arrangements. The warehouse features an 8' overhead door, 9' ceilings, two compressors with air lines, and extensive built-in storage. Additional features include a darkroom with photographic equipment, a kitchen, and a bathroom. The property's versatility allows for various uses, including offices, art studios, or continued warehouse operation. Priced at $349,000, this property presents a rare chance to acquire a substantial mixed-use building in a desirable location. The current pictures are soon to be uploaded.

    Property Features for 505 9Th St

    General Information

    Property type
    Land

    HighLights

    • Asking Price: $349,000
    • 9,148 SF Lot Size
    • Retail and Land Property, 505 S 9th Street, Goshen, IN 46528
    • Mixed‑use building with a 1,360 SF former single‑family home and a 5,000 SF attached warehouse.
    • Currently used as a warehouse with one month‑to‑month tenant; potential for residential conversion (buyer to verify zoning).
    Property Profile Location Intelligence

    Current Use by Public Records

    Plank's Printing Services ... Manufacturer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Goshen
    County
    ELKHART
    State
    Indiana
    Longitude
    -85.8281458
    Latitude
    41.625409

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    FAQs

    What type of property is this?
    Land - Mixed-use building, great potential
    Where is this land located?
    The property is located at 505 9Th St Goshen, IN.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Asking Price: $349,000; 9,148 SF Lot Size; Retail and Land Property, 505 S 9th Street, Goshen, IN 46528
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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
    505 9Th St Goshen, IN 46528
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