10 Washington St Greencastle, IN 46135
- Commercial real estate
- 6,120 SF
- 0.05 lot acres
Current Use by Public Records
- Considered Cloth / Yarn Store
Property Details for 10 Washington St
- Year built
- 1877
- Construction
- WOOD
- Lot size
- 0.05 lot acres
- Property size
- 6,120 SF
- Zone code
- ZO01
- Property type
- Commercial real estate
- APN
- 67-09-21-202-122.000-008
- APU
- 670921202122000008
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $215,000
- 6.5%
- $255,000
- 7%
- $225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $275,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $220,000
- Retail
- $200,000
- Mixed-Use
- $215,000
- Hospitality
- $210,000
- Educational
- $190,000
- Residential Income
- $185,000
- Energy
- $195,000
- Income-Based Land
- $185,000
- Food Service
- $225,000
Location Insight
- Map
- Local Demand
- City
- Greencastle
- County
- Putnam
- State
- Indiana
- Longitude
- -86.8648
- Latitude
- 39.6438
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA