10160 Us Highway 31 Elizabethtown, IN 47232
This exceptional 3.46-acre commercial property in Elizabethtown, Indiana, presents a unique investment opportunity. Ideally situated between Columbus and Seymour, the property boasts a 3,000 square foot metal building perfect for a small business. Constructed by Taylor Brothers, this 50' x 60' shop features all new LED lighting, a spacious asphalt parking lot, a kitchenette, and a restroom. The building is well-insulated and equipped with a furnace and air conditioning unit installed in 2014. A separate septic system services the shop. In addition to the commercial space, the property includes a charming Bedford Stone house. This three-bedroom, two-bathroom residence offers several updates, a fully-equipped kitchen, and a family room. The home features a gas furnace and air conditioning unit (2018) and a water heater (2017). An unfinished basement provides ample storage space, and a detached two-car garage completes the residential offering. The property is commercially zoned, with a variance allowing the owner to reside on the premises. This versatile property offers a blend of commercial and residential space, making it an ideal choice for a business owner seeking a convenient live-work arrangement or an investor looking for a multi-faceted opportunity. The property is priced at $500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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