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1001 Washington Avenue

Vincennes, IN, 47591

  • Price $399,900
  • Sq. Ft.17561
  • MLS #201807612
Tons of Space in this mixed use commercial building! The main floor has a showroom/retail space with over 3500 SF which includes 2 dressing rooms, a half bathroom, and also larger men and women's restrooms. This part also has a basement area for storage. On the back half, there is a 2600 SF office area that could be connected or sectioned off from the front retail space. It has its own kitchen, 2 separate entrances, reception area, and other office spaces. 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 $650/month each, bringing in $1950 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.

Annual Taxes: $4,353
  • CoolingCentral Air
  • ExteriorBlock,Brick
  • HeatingGas,Forced Air
  • LocationCity
  • Lot Size16379
  • Sale IncludesBuilding, Land
  • SewageCity
  • Special Features220 Volts,Freight Elevator,Overhead Door 1,Basement,Display Room,Display Window(s),Office Space,Public Restrooms,Reception Area
  • TownshipVincennes
  • ParkingLot,Street
  • WaterCity
  • Zoning DescriptionCommercial
    • Tyler Simmons

      Realtor
      Cell: (812) 890-1827

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    Testimonial

    Tyler is a great person and Real Estate agent. Tyler goes beyond the call of duty to see that all goes well. The entire staff at Klein's are friendly, knowledgeable and helpful.  They did more than we expected. 
    Jack Lucas

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    Frequently asked questions

    What is the Difference between Sale Price & Assessment?
    Here is one of the most commonly asked questions at Assessment Notice time: We recently purchased a property, why is it assessed at a different price then the purchase price? This could be due to a couple of reason: First, the motivation of the buyers and sellers can affect sale price. Therefore, when very similar properties are sold during the same time frame, a range of sale prices can result. The market value assessment reflects sales in the middle of this range of prices. As a result, the assessment could be higher or lower than a specific selling price. Second, market values may have changed between valuation day and the date you made your purchase. For example, in some areas, market values have increased since January 1. If this has happened in your area and you  have only recently purchased your property, it is possible that your assessment, while representative of your type of home 3 or 4 months ago, will be lower than your purchase price. The purpose of the assessment roll is not to reflect a single sale price, but to assess all properties at market value on the same valuation date, so that taxation is fairly and uniformly shared.

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