$275,000
$399,900
31.2%For more information regarding the value of a property, please contact us for a free consultation.
206 N Main Street Goshen, IN 46526
0.33 Acres Lot
Key Details
Sold Price $275,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision None
MLS Listing ID 202229300
Sold Date 09/16/22
Year Built 1900
Annual Tax Amount $6,400
Tax Year 1718
Lot Size 0.329 Acres
Property Description
Great opportunity to own a piece of Elkhart County history. This building was home to one of the original newpapers to the city called the "Democrat". This offering is for 3 parcels. the off street parking (11-09-265-008-015) no address, the 1400+/- s.f. penthouse ( 11-09-265-018-015) 206 1/2 N. Main St. with 2 large bedrooms split at each end of the structure one overlooking main street, and open concept with kitchen island, etc. it is very nicely finished with appliances. The penthouse may be rented for $1,100/mo. + $200 for included utilities, for parking, etc. Electric is separately metered for penthouse and would be tenants responsibility. The 2800 +/- s.f. hair salon and executive office suits offered $250/ each. utilities included ( 11-09-265-017-015) 206 "A" N. Main is salon, and 206 "B" N. Main St. executive ofices. Owner is retiring from hair business (30 years in Goshen) after the sale, but would stay on as consultant if requested to help new buyer. Chiropractor is leasing. Courthouse is southwest of this address across intersection. Great opportunity for so many businesses. Zoned B-1. Partial unfinished basement housing mechanicals, walk-in vault for secure storage on main floor. Value arrived at with conservative market rates for booth rental using income approach and market sales for quality residential dwellings. Parking has been rented to neighboring property owners in the past. With investment of simple automated parking attendant parking could cash flow as well. Parking currently used for salon with some communal use for neighboring businesses. Two banks within a block of property. Downtown Goshen continues to grow with great leadership and a eye on redevelopment. This opportunity is one of few available for sale on Main St. not requiring major renovations as mechanicals, roofs, etc are all newer. All information believed accurate, but not warranted, buyer or buyers agent to confirm information and assumes all liability for said information. Penthouse may be rented for $1300/mo. + $200 for utilities, parking, etc
Location
State IN
Area Elkhart County
Direction South of Pike St. and north of Lincoln Ave on main. Property is on east side of street.
Interior
Flooring Carpet, Laminate, Mixed, Vinyl
Appliance Building, Land, Lease
Exterior
Fence None
Roof Type Metal,Rubber
Building
Story 2
New Construction No
Others
Financing Cash,Contract,Conventional
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IDX information provided by the Indiana Regional MLS
Bought with Dallan Troyer • Model Real Estate LLC