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1511 Willow Street

Vincennes, IN, 47591

  • Price $1,200,000
  • Sq. Ft.4480
  • MLS #202339993
Welcome to an exceptional investment opportunity in the heart of Vincennes. This prime commercial plot of land boasts a strategic location and a portfolio of five well maintained buildings, offering a diverse range of income streams. With three of the buildings currently generating rental income, a loading/storage dock, makes this property a smart choice for both seasoned investors and those looking to enter the commercial real estate market. Situated in one of Vincennes' most sought after commercial districts, this property offers excellent visibility and accessibility. Its proximity to HWY 41 ensures a steady flow of potential customers or clients. With three buildings currently rented to reliable businesses, you will immediately benefit from a steady stream of rental income. The five buildings on this lot vary in size and functionality, making them suitable for a wide range of businesses. Almost 4 acres of land.
County
Knox County
Lot Size
3.6300
Year Built
1990
Sq, ft. finished
4,480sq. ft (approx.)
Subdivision
None
Annual Taxes
14459.74
IDX information provided by the Indiana Regional MLS
Listing provided courtesy of Tracy Catt of F.C. TUCKER EMGE, 812-881-8282.

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Testimonial

Rental Review: Good People. Decent houses. My family and I rented a house with them for 2 years; never experienced a problem with them. If the toilet wasn't working or part of the house needed repair, someone was always available to fix it pretty quick.
A.B.

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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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Disclaimer

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS

Listing Data updated: April 30, 2024, 10:05 am
IDX information provided by the Indiana Regional MLS

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