202 Main StGoshen, IN 46526

Property Details for 202 Main St

Year built

1909

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

29,040 SF

Property type

Office properties

Property subtype

Other office properties

APN

20-11-09-265-010.000-015

APU

201109265010000015

Description

This exceptional 1,000 square foot single-tenant office space is ideally located at 202 N Main St, Goshen, Indiana, 46526. Situated on a prominent corner lot, this street-level property boasts unparalleled visibility and accessibility. The building, known as the Spohn Building, offers a blend of historic charm and modern functionality. The space features a welcoming foyer, a dedicated client waiting/reception area, two private offices providing ample space for individual work or team collaboration, and a convenient bathroom. The property type is classified as retail and office, with the subtype being traditional office. The building is equipped with elevators for easy access to all floors. The cross street is Clinton St, further enhancing its strategic location within the Goshen business district. This is a rare opportunity to secure a highly visible and historically significant commercial space in a thriving Indiana community. The property's prime location and attractive features make it an ideal choice for a variety of businesses seeking a prestigious and functional office environment. This single-tenant occupancy ensures privacy and control over the entire space.

• CAP approach

  CAP return

  Valuation

  6%

  $5,461,872

  6.5%

  $5,041,728

  7%

  $4,681,605

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,782,460

  Geo Method

  $3,782,460

• Alternative Use

  Use

  Valuation

  Residential

  $6,251,743

  Hospitality

  $5,726,563

  Educational

  $4,764,433

  Medical

  $4,928,290

  Retail

  $7,411,340

Location Insight

City

Goshen

County

Elkhart

State

Indiana

Latitude

41.588

Longitude

-85.8341

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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