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Property profile & analytics
OFF-MARKET Estimated value $235,000
Office Spaces

1600 A St Elwood, IN 46036-1506

3,056 SF 0.2 ac lot Built 1927
Entity Owned 5-yr Hold Free & Clear
Property ID
US31-0168124
Property summary
AI-generated overview

This 3,236 square foot Elwood, Indiana coworking space, located at 1600 N A St (cross street: N 16th Street), offers a unique blend of traditional office space and adaptable flex space, perfect for diverse business needs. The single-story, 1927-built building underwent renovations in 2021 and sits on a 0.2-acre lot. The property features two individual offices (each $200/month), a larger office/conference room ($375/month), and extensive flex space ($2,300/month) with three overhead doors and a wash bay area. Additional basement space is available for $400/month. Shared amenities include a fully equipped kitchen and a conference room. The property boasts a minimum divisible space of 67 square feet and a total of five parking spaces. Zoned B2, this property (APN: 48-04-10-303-094.000-027, Madison County) presents a compelling opportunity for businesses seeking a professional yet flexible workspace. All spaces are offered with full-service leases for ultimate convenience. The property is currently fully vacant.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1927
Construction WOOD
Total area 3,056 SF
Lot 0.2 ac (8,712 SF)
APN 48-04-10-303-094.000-027
UPID US31-0168124
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k
Owner & transaction history
Real Estate Realm LLC · 5 yrs held
Real Estate Realm LLC
since 2021
Last sale
$47,000
1 recorded transaction
2021
$47,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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