520 E Van Trees St Washington, IN 47501
For Sale
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This exceptional mixed-use commercial property, situated at 520 E Van Trees Street in the heart of Washington, Indiana, presents a compelling investment opportunity. The 0.15-acre lot boasts a convenient paved parking lot, a significant advantage in this bustling downtown area. The property comprises five individual units, currently operating under month-to-month leases, providing immediate income potential. This established rental stream offers a strong foundation for a savvy investor seeking passive income or a flexible platform for expansion. Alternatively, the property's prime location near Main Street makes it an ideal setting for a new business venture, offering excellent visibility and accessibility to a thriving community. The versatility of this property allows for a range of uses, catering to diverse business needs. The existing tenants provide a stable income stream while the property's location offers significant potential for future growth and appreciation. This is a rare opportunity to acquire a well-positioned commercial property in a desirable downtown location, offering both immediate income and long-term growth prospects. The property is priced at $399,500. 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.