10 Washington St Greencastle, IN 46135-1551
This exceptional 6,120 square foot retail property, situated on a 0.05-acre lot at 10 W Washington Street in Greencastle, Indiana, presents a unique investment opportunity. The building boasts a striking limestone facade and recently updated windows, enhancing its historic charm while maintaining modern functionality. Its prime location directly across from the county courthouse ensures high visibility and foot traffic. The main level, zoned Central Business, offers over 2,000 square feet of versatile space, perfect for a variety of retail uses. This level includes a convenient handicapped-accessible bathroom, a comfortable lounge area, a full bathroom, and a kitchenette, catering to both employees and customers. The spacious main level also features attractive high tin ceilings and modern neutral-toned vinyl plank flooring. Above the main level, an additional 2,000+ square feet offers significant potential for expansion. This upper level could be easily converted into residential units, additional office space, or further retail space, depending on the buyer's needs. A substantial, dry basement provides approximately 2,000 square feet of storage, accessible via a walk-out door to the alley. The property's proximity to downtown Greencastle's restaurants and shops adds to its appeal, offering easy access to amenities and a vibrant community atmosphere. This is a rare chance to acquire a landmark building in a thriving downtown area. Priced at $299,900.
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Considered Cloth (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
ZO01 · Greencastle, INGreencastle. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.