123 W Center St Warsaw, IN 46580

Property Details for 123 W Center St

Year built

1888

Construction

WOOD

Lot size

0.07 lot acres

Property size

8,712 SF

Zone code

C-4 C

Property type

Retail space

APN

43-11-08-300-002.000-032

APU

431108300002000032

Description

This exceptional commercial property, located at 123 W Center Street in the heart of Downtown Warsaw, Indiana, presents a unique investment opportunity. Situated on a 0.07-acre corner lot, this building boasts high visibility and traffic, ensuring maximum exposure for any retail business. The ground floor offers versatile retail space, ideal for a variety of uses. Above the retail space is a currently leased apartment, providing a consistent rental income stream. A second apartment, also currently leased, occupies the second floor, further enhancing the property's investment potential. Significant storage space is available on both the third floor (measuring 66 x 22 feet) and in the basement, offering ample room for inventory or equipment. The building is well-maintained, featuring a newer roof and HVAC systems in both apartments that are only a few years old. This prime location, combined with the building's solid structure and income-generating potential, makes this an attractive proposition for savvy investors seeking a strong return on their investment in a thriving downtown area. The property's combination of retail and residential components offers a diversified income stream and a unique opportunity to capitalize on the vibrant Warsaw market. Serious inquiries are encouraged to explore this exceptional opportunity further. The asking price is $385,000.