101 Washington St Sunman, IN 47041
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
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Property description
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