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Listed by Travis Carpenter • Indiana Ford Realty LLC
$ 495,000
Est. payment | /mo
14,718 SqFt
$ 495,000
Est. payment | /mo
14,718 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 14,718 sqft
Price per Sqft $33
MLS Listing ID 22077472
Year Built 1919
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Mixed Use
Property Description
Located at the absolute center of downtown Edinburgh, IN, this massive historic commercial building is one of the most prominent and recognizable properties in the downtown corridor. (check out town's Comprehensive Plan). Sitting directly on the charming main strip, the building benefits from constant visibility, walkability, and long-term relevance within the community. The exterior of the property has recently undergone a full cosmetic renovation, completed at no cost to the owner, through the Historic Buildings Program administered by Indiana Landmarks. The result is a beautifully restored facade that preserves historic character while presenting exceptionally well for tenants, residents, and investors alike. The current owner invested significant time and effort securing a variance that allows for five (5) residential apartment units on the 2nd and 3rd floors. While construction was never started, rough plans and layout concepts were completed, envisioning: Two (2) four-bedroom, two-bath units, Two (2) three-bedroom, two-bath units, One (1) studio unit. The ground floor is already income-producing, with two established commercial tenants in place: A photography studio and a thrift store. This creates immediate cash flow while preserving substantial upside through future residential development above. Additional highlights include: Full basement with unusually high ceilings, offering flexible use potential. Extremely high ceilings on the 2nd and 3rd floors, estimated at 15-20 feet, ideal for loft-style apartments or premium finishes. Strong blend of cash flow + appreciation, combining stabilized commercial income with value-add residential upside. Rare opportunity to own a cornerstone historic asset in a growing small-town downtown environment. Whether positioned as a mixed-use redevelopment, long-term hold, or phased value-add investment, this property offers scale, history, and upside that are increasingly difficult to find in downtown Indiana markets
Location
State IN
County Johnson
Zoning Commercial
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected
Building
New Construction false
Schools
Elementary Schools East Side Elementary School
Middle Schools Edinburgh Comm Middle School
High Schools Edinburgh Community High School
School District Edinburgh Community School Corp
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