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1001 Washington Avenue

Vincennes, IN, 47591

  • Price $369,900
  • 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: $5,448
  • 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 was exceptionally helpful.  We were very impressed with a Realtor so young.
    Ralph & Roberta Jacqmain

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    Frequently asked questions

    Why does the mortgagee sometimes require a Survey of the property?
    Most mortgage lenders require a current and valid Real Property Report (survey) and proof of zoning by-law compliance from the local municipality, i.e. city, town, Municipal district, etc. The mortgagee (lender) does this to insure initially that the buildings are entirely within the property boundaries and there is no risk that the security for the mortgage will be damaged by the forced removal of the improvements. Most Lenders will now accept a Real Property Report and evidence of municipal compliance or a policy of Title Insurance.

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