221 Main St Winchester, IN 47394-1626
This exceptional commercial property at 221 N Main St, Winchester, IN, offers 5,400 square feet of versatile office space in a renovated building. Located in Randolph County, this single-story, Class B building boasts a prime location on a busy Winchester street. Built in 1935 and extensively renovated in 2022, the property features three suites, with a minimum divisible space of 800 square feet and a maximum contiguous space of 3,700 square feet currently available. The total vacant space is 3,700 square feet, ideal for a single tenant or multiple occupants. The 0.35-acre lot provides ample parking. The property is zoned C1 Commercial, allowing for a variety of office or retail uses. This is a rare opportunity to secure a well-maintained, conveniently located office space in a thriving community. The building's recent renovation ensures modern amenities and functionality. Its central location and flexible layout make it suitable for a wide range of businesses. Don't miss this chance to establish your presence in a vibrant commercial area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.