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Property profile & analytics
OFF-MARKET
Retail space

101 Washington St Sunman, IN 47041

2,816 SF 0.12 ac lot Built 1920
Property ID
US31-1071516
Property summary
AI-generated overview

This versatile Sunman, Indiana commercial property, located at 101 W Washington St, presents a unique investment opportunity. The 2,816 square foot building, situated on a 0.12-acre lot, offers a blend of office and retail space, perfect for a variety of uses. Currently zoned for business, the property boasts two units, ideal for owner-occupancy or rental income. Built in 1920 and extensively renovated in 2024, the two-story building features a completely remodeled second-floor apartment with a new bedroom, drywall, and Pex plumbing. Recent upgrades include a new hot water heater, a Trane furnace, updated windows, fresh tuck pointing, and a new sump pump. The rubber roof is only 5 years old. The property's prime location in downtown Sunman provides convenient access to I-74, enhancing its appeal to both businesses and residents. The spacious layout allows for flexible configurations, accommodating office space, retail operations, or even a service-based salon. The potential for conversion into a residential space also exists. This property offers a compelling combination of historical charm and modern updates, making it an attractive investment in a thriving community. The asking price is $196,900.

Property profile
Verified
Property type Retail space
Year built 1920
Total area 2,816 SF
Lot 0.12 ac (5,227 SF)
UPID US31-1071516
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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