Listing provided courtesy of RE/MAX Real Estate GroupsTina CoonsMLS# 202543883MLS ProviderContact Information: Cell: 765-744-6493
  • 215 days on site
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Investor Opportunity! Expand your portfolio with this versatile mixed-use property offering two commercial storefronts and a 2-bedroom apartment, creating multiple income-producing possibilities under one roof. The main level features two retail spaces, each with its own showroom, restroom, and storage area. The units are currently connected, allowing for one larger business operation, but can easily function as separate storefronts to maximize rental income and tenant flexibility. Upstairs, the spacious 2-bedroom apartment includes a comfortable living room, kitchen with washer and dryer hookups, one full bath, and includes the electric range and refrigerator. The apartment is currently rented for $550 per month, providing immediate income. (Window air conditioning unit is not included.) The upper-level tenant currently pays the water bill for the entire building. Additional features include gas forced-air heat and central air for the commercial level, an electric water heater, a durable metal roof, some newer replacement windows, and security camera system. Whether you're looking to occupy one storefront while collecting rental income, lease all three units for maximum cash flow, or establish your business with built-in investment potential, this well-maintained property offers outstanding flexibility and long-term value. Don't miss this opportunity to own a quality commercial building with multiple income streams!

Source: Indiana Regional MLS, MLS#: 202543883

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  • Property Type
    Commercial Sale
  • Lot
    0.09 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 221 & 223 W Washington Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/18/2026Source: Indiana Regional MLS Price Reduction
$99,900 -4.9%
3/9/2026Source: Indiana Regional MLS Price Reduction
$105,000 -8.7%
3/6/2026Source: Indiana Regional MLS Status Change
Active
2/18/2026Source: Indiana Regional MLS Status Change
Pending
11/17/2025Source: Indiana Regional MLS Status Change
Active
11/6/2025Source: Indiana Regional MLS Status Change
Pending
10/29/2025Source: Indiana Regional MLS Added to Database
October 29, 2025