PRIME DOWNTOWN HEBRON MIXED-USE INVESTMENT OPPORTUNITY! This 13,000 sq. ft. commercial building offers 9 units, existing occupancy, and additional income potential. The property generates 13,650 in monthly income with an 8.5 cap rate. Located in the heart of downtown Hebron, this versatile property is fully leased with 2 commercial spaces and 6 apartments, plus an unfinished 1,800 sq. ft. Unit 7 that offers more income by adding a kitchen and bathroom. The property features a fully functional restaurant, a school serving children with mild to severe disabilities, and six apartments, providing a mix of established commercial and residential tenants. There is a large parking lot in the rear plus additional street parking. This is a rare opportunity to acquire a large mixed-use investment property in downtown Hebron. SELLER FINANCING MAY BE CONSIDERED...Major building improvements include ALL-NEW electrical panels & boxes throughout, professionally refinished exterior, new steel rear stairs & railings, new concrete work, gutters, doors & locks, all HVAC serviced, 40k in plumbing, 3/4 of the roof has been replaced; the remaining 1/4 was inspected and determined to be in good condition and not require replacement...Both commercial spaces have been updated with commercial vinyl plank flooring & epoxy flooring in the kitchen, NEW ceilings, fixtures and bathrooms including an ADA-compliant bathroom in the school...Apartments 2-6 have been updated with new kitchens, bathrooms, luxury vinyl plank flooring, new AC units and stainless-steel appliances. Unit 1 features new stainless-steel appliances, while the tenant chose not to relocate so the apartment could be fully renovated... monthly rents are as follows: C1 3000 / C2 3500 / R1-2BDRM 1000 / R2-2BDRM 1200 / R3-1BDRM 1300 / R4-STUDIO 1250 / R5-2BDRM 1400 / R6-2BDRM 1000 / R7 would need work to rent...taxes 10,690...owner paid monthly utilities 850. THERE INTERIOR PICTURES OF EVERY UNIT.
Unique opportunity in Hebron! Back on the market at no fault of seller. This Distinctive property and layout provides numerous possibilities for community or assembly, plus appeal for organizations, businesses, or groups seeking a distinctive and adaptable space. Situated on a prominent corner lot, the building features beautiful stained-glass windows that provide character and charm throughout the interior. High ceilings, wide trim, and abundant natural light create an inviting atmosphere and showcase the property's architectural appeal. The vinyl-sided exterior offers low-maintenance convenience, while accessibility features include a handicap-accessible ramp and restroom. Inside, you'll find a functional kitchen area, classroom or meeting room, and flexible open spaces suitable for a variety of purposes. Whether you're looking to continue its current use or explore other opportunities, this property combines character, accessibility, and functionality in a desirable Hebron location. Buyer is responsible for conducting due diligence regarding zoning, permitted uses, and any approvals required for their intended use. Information believed accurate, not guaranteed.
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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Hebron is located in Indiana. Hebron, Indiana has a population of 3,397. Hebron is less family-centric than the surrounding county with 31.68% of the households containing married families with children. The county average for households married with children is 32.84%.
The median household income in Hebron, Indiana is $64,276. The median household income for the surrounding county is $76,736 compared to the national median of $69,021. The median age of people living in Hebron is 36.1 years.
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 40 inches per year, with 28.4 inches of snow per year.
