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    16-18-20 Washington St Sullivan, IN 47882

    • Commercial real estate
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 16-18-20 Washington St

    Lot size
    0.24 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional turn-key property, located at 16-18-20 W Washington Street in the heart of downtown Sullivan, Indiana, presents a unique investment opportunity. Situated on the north side of the courthouse square, this historic building boasts charming original details seamlessly blended with modern updates. The main floor comprises three commercial spaces, two currently occupied by thriving businesses, and one becoming available in March 2025, offering immediate potential for a new tenant or expansion. The property also includes two income-generating residential apartments upstairs

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sullivan
    County
    Sullivan
    State
    Indiana
    Longitude
    -87.4145
    Latitude
    39.0972

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      1012 Washington St

      COMMERCIAL (GENERAL) • 0.12 Acres
      1012 Washington St, Sullivan, IN 47882-7201
      View Details
    • Value Estimation by Request
      4.54 Acres

      41 Old

      COMMERCIAL (GENERAL) • 4.54 Acres
      41 Old, Sullivan, IN 47882
      View Details
    • Value Estimation by Request
      4.10 Acres

      County Rd 100th S

      COMMERCIAL (GENERAL) • 4.10 Acres
      County Rd 100th S, Sullivan, IN 47882
      View Details
    • Value Estimation by Request
      3,870 SF

      186 Cass Washington St

      COMMERCIAL (GENERAL) • 3,870 SF
      186 Cass Washington St, Sullivan, IN 47882
      View Details
    • Value Estimation by Request
      5,534 SF

      10 Ct St

      COMMERCIAL (GENERAL) • 5,534 SF
      10 Ct St, Sullivan, IN 47882-1510
      View Details
    • Value Estimation by Request
      2,448 SF

      123 Main St

      COMMERCIAL (GENERAL) • 2,448 SF
      123 Main St, Sullivan, IN 47882
      View Details

    Similar Nearby for Sale

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      Residential Lot in Newer Subdivision

      Residential lot in Sullivan, Indiana, ideal for building a home.
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      Residential Lot in Newer Subdivision

      Building site in newer subdivision with newer homes.
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      Turn-Key Restaurant, Bar & Bowling

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    Similar Nearby for Lease

    • $1,250 /Mo
      5,227 SF

      Downtown Sullivan Retail/Service Space

      Retail or service space in downtown Sullivan, Indiana.
      20 W Washington St, Sullivan, IN 47882
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    • Contact for pricing
      4,322 SF

      Sullivan, IN Executive Office Space

      Prime Sullivan location, 2722 sq ft available
      529 Section St, Sullivan, IN 47882
      View Details
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    16-18-20 Washington St
    Sullivan, IN 47882
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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
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