This stately historic building is 24,870 sf. Located in the downtown area of Elwood, Indiana, Madison County. Three stories, basement and attached garages. A stage on the 3rd floor, educational rooms, offices, character throughout this building. There could be other uses for this type of commercial building, with possible grants and incentives that might be available for a qualified buyer. This owner has used this for building for storage the last several years.
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.
Seller Financing Available! Discover an exceptional opportunity to own this versatile 13,798 sq. ft. two-level property, perfectly positioned in downtown Elwood at the high-visibility intersection of State Road 13 (North Anderson St.) and State Road 28 (Main Street). This prime location is ideal for a wide range of uses, including: Church or place of worship, Restaurant or bar, School with daycare facilities, Event center or banquet hall. Property Details: Upper Level: Approximately 7,000 sq. ft. of open, adaptable space. Basement Level: Additional 7,000 sq. ft., perfect for storage, offices, or other creative uses. Zoning Info: For detailed zoning regulations, please refer to the attached document. Additional Highlights: Tax Abatement Potential: The City of Elwood is open to considering tax abatement for this property-an incredible opportunity for future savings. Virtual Tour: Get an inside look here: Virtual Tour. Important Notes: Closing Costs: Buyers are responsible for all closing costs and taxes at closing. Please account for these expenses when submitting your offer. Flexible Financing: Seller financing is available to make this property even more accessible for the right buyer. Don't miss out on this one-of-a-kind property with endless potential. Schedule your showing today and envision the possibilities! Serious inquiries only.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Elwood is located in Indiana. Elwood, Indiana has a population of 8,295. Elwood is less family-centric than the surrounding county with 20.63% of the households containing married families with children. The county average for households married with children is 25.19%.
The median household income in Elwood, Indiana is $46,709. The median household income for the surrounding county is $54,491 compared to the national median of $69,021. The median age of people living in Elwood is 40.6 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 17.9 degrees. The average rainfall is approximately 41.4 inches per year, with 20.6 inches of snow per year.
