See Home Value
Vincennes 47591
1001 Washington Avenue
$480,341*
Commercial - Off Market

1001 Washington Avenue

Vincennes, IN 47591
bedrooms
Studio
bathrooms
2 Baths
$333,000 - $405,000
Reference Base Price*
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

Tons of Space in this mixed use commercial building!  The property currently has a 11% Cap Rate with only 4 out of the 7 units rented!  This has potential to be a 14-16% Cap Rate which is unheard of in most markets! This property has great leases and income, with the front show room still available for lease. The 3rd part of the main level has an overhead door and separate entrance with warehouse storage and a freight elevator for the upper level.  On the 2nd floor there are 3 recently remodeled apartments, all currently rented for $700/month each, bringing in $2100 monthly for additional income!  There is another 3500 SF of upper level storage that could be made into more apartments or kept as storage.  This property could be a money making machine when fully rented or a great business opportunity with extra income for your current business.
Unit Size
-
Days on Market
-
Land Size
0.38 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$4,631
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Jan 2, 2021 No longer available -
No longer available
Nov 10, 2020 Relisted $369,900
Relisted
Nov 9, 2020 No longer available -
No longer available
Nov 6, 2020 No longer available -
No longer available
Jul 10, 2020 Relisted $369,900
Relisted
Show More

Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
4 Baths
-
$374,900 Apr 2, 2024
-
$999/mo
Commercial
Loft
4 Baths
-
$350,000 Feb 23, 2024
-
$196/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180228
02/28/2018
Loft
2 Bath
-
$399,900
bedrooms
Loft
bathrooms
2 Bath
-
-
-
-

Building Info

1001 Washington Avenue 1001 Washington Avenue, Vincennes, IN 47591
More about this Building
1001 Washington Avenue
Want to find out who owns 1001 Washington Avenue, Vincennes, IN 47591? Get detailed property transactions here .

About Vincennes


Similar Homes for Sale

Unit for sale at 1008 Main Street, Vincennes, IN 47591

$350,000

  • Commercial
  • 4 Baths
1008 Main Street, Vincennes, IN 47591 Listing by Vanessa Purdom
Unit for sale at 505 Main Street, Vincennes, IN 47591

$374,900

  • Commercial
  • 4 Baths
505 Main Street, Vincennes, IN 47591 Listing by Robin Montgomery

Nearby Rentals



Quantcast