IN > Elwood
Elwood, IN 46036,1516 Main ST
Elwood, IN 46036,1516 Main ST
Elwood, IN 46036,1516 Main ST
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Listed by Albert Stancato • Highgarden Real Estate
$49,500
Est. payment /mo
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4,907 SqFt
Active

1516 Main ST Elwood, IN 46036

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Jack Aikin

Jack Aikin

+1(317) 341-1461

UPDATED:

01/24/2025 05:05 PM

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 4,907 sqft

Price per Sqft $10

MLS Listing ID 21960968

Year Built 1895

Tax Year 2023

Lot Size 6,969 Sqft

Acres 0.16

Property 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.

Location

State IN

County Madison

Zoning B-2

Interior

Fireplace N

Exterior

Utilities Available Electricity Connected, Gas, Sewer Connected, Water Connected

Roof Type Asphalt

Building

Story 2

New Construction false

Schools

Elementary Schools Elwood Elementary School

School District Elwood Community School Corp

MIBOR MLS
© 2025 Listings courtesy of MIBOR as distributed by MLS GRID. All Rights Reserved.

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Jack Aikin

Agent | RBRB19000475

+1(317) 341-1461

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1516 Main ST

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