1516 Main Street, Elwood, IN 46036
- $49,500
- $99,000
Description
Investor’s Dream Opportunity! Calling all savvy investors! This 4,907 sq. ft. commercial property is a blank canvas with immense potential. Previously utilized as a laundry cleaner and U-Haul truck rental, this property offers plenty of possibilities for redevelopment or multi-use purposes. Versatile Layout: The 2,729 sq. ft. downstairs can be subdivided to fit your vision, while the upstairs space was being designed for two studio apartments, adding rental income potential. City Incentives: There is POTENTIAL for a tax abatement through the city-an added financial boost for your investment. Important Note: This is a highly distressed property requiring immediate attention, including a new roof and renovations throughout. Includes asphalt parking lot! Serious investors who can see the opportunity beneath the surface, this one’s for you! Don’t miss your chance to turn this fixer-upper into a profitable venture. Schedule your showing today! Serious inquiries only.
Address
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Address: 1516 Main Street
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City: Elwood
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State/county: IN
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Zip/Postal Code: 46036
Details
Updated on April 2, 2025 at 6:13 pm-
Property ID 21960968
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Price $49,500
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Property Size 4907 Sqft
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Land Area 0.16 Acres
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Garage Size x x
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Year Built 1895
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Property Type Business, Commercial Sale
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Property Status Closed
Additional details
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Roof Asphalt
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Utilities Electricity Connected,Gas,Sewer Connected,Water Connected
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County Madison
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Property Type Commercial Sale
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Parking Attached,Asphalt
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Elementary School Elwood Elementary School
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