2893 State Rd 57 Washington, IN 47501-7339
This exceptional 5.31-acre commercial property at 2893 S State Road 57 in Washington, Indiana, presents a unique investment opportunity. The asking price is $400,000. The property boasts a substantial 5,040 square foot building, currently configured as a church, offering significant versatility. Its adaptable layout includes a large open area, perfect for various uses, complemented by multiple offices and six bathrooms. A partially finished walkout basement further enhances the space, featuring a kitchen area. The property's significant advantage lies in its prominent location along State Road 57, ensuring high visibility and accessibility. With its ample space and versatile design, this property is ideal for a wide range of commercial ventures. The 5.31-acre lot provides ample room for expansion or future development. The existing building's solid structure and functional layout offer immediate occupancy potential, minimizing upfront investment costs. This property represents a rare chance to acquire a well-located, sizable commercial property in a growing Indiana market. The zoning and permitted uses should be verified independently. Serious inquiries are encouraged.
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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.