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718 E Main Street

Petersburg, IN 47567
  • $199,000
  • STATUS: Active
  • ON SITE: 152 Days
  • MLS #: 202214918
UPDATED: 47 min ago
$199,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,815
    SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Description

Current monthly revenue = $1,200.00 Potential monthly revenue = $3,000.00 Commercial Space #1 (718 E Main St) Appx 1600 sq ft Renovated 2022 5 year lease began in August 2022 with HBW Solutions Total monthly income $600.00 Central Air Heating/AC Wired for restaurant use Commercial Space #2 (Address is not assigned) Appx 600 sq ft Undeveloped space that currently shares gas, electric, and water with Commercial Space #1 Can be used as additional space for Commercial Space #1 or developed into separate space Studio Apartment (608 N 8th ST) Renovated beginning of 2021 Appx 800 sq ft (lower living space/upper bedroom area) 1 year lease Total monthly income $600.00 Upstairs Appx 2900 sq ft Could be divided up and used for multifamily or used as one large apartment (using for multifamily would drive up potential monthly revenue) Partial renovations include o Demo of space o Floor plan reconfigured with some new framing o Plaster removed from exterior brick walls (Brick cleaned and ready to seal o Plumbing rough-in complete o HVAC rough-in complete (Heat pump not set) o New 200-amp electrical service o Some electrical rough-in complete o 9 new Sun Aluminum clad windows (Architectural Correct) o 10 original windows with sashes restored and ready to finish out o 75% of original hardwood floors in good shape and able to be restored Overall space is ready to move forward Exterior Parapet wall complete rebuilt by Architectural Renovators in Fall of 2020 (Original Architectural details restored) Previous owners had new high rib metal roof installed appx 15 years ago Metal roof had spray on rubber coating installed in Spring of 2020

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© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2022-09-26T08:28:39.713.

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718 E Main Street Petersburg, IN 47567

  • Price: $199,000
  • Status: Active
  • On Site: 152 Days
  • Updated: 47 min ago
  • MLS #: 202214918
0
Beds
0
Baths
0
½ Baths
0.07
Acres
5,815
SQFT
$34
$/SQFT
1900
Built
Neighborhood:
None
County:
Pike
Area:
Pike
Property Description
Current monthly revenue = $1,200.00 Potential monthly revenue = $3,000.00 Commercial Space #1 (718 E Main St) Appx 1600 sq ft Renovated 2022 5 year lease began in August 2022 with HBW Solutions Total monthly income $600.00 Central Air Heating/AC Wired for restaurant use Commercial Space #2 (Address is not assigned) Appx 600 sq ft Undeveloped space that currently shares gas, electric, and water with Commercial Space #1 Can be used as additional space for Commercial Space #1 or developed into separate space Studio Apartment (608 N 8th ST) Renovated beginning of 2021 Appx 800 sq ft (lower living space/upper bedroom area) 1 year lease Total monthly income $600.00 Upstairs Appx 2900 sq ft Could be divided up and used for multifamily or used as one large apartment (using for multifamily would drive up potential monthly revenue) Partial renovations include o Demo of space o Floor plan reconfigured with some new framing o Plaster removed from exterior brick walls (Brick cleaned and ready to seal o Plumbing rough-in complete o HVAC rough-in complete (Heat pump not set) o New 200-amp electrical service o Some electrical rough-in complete o 9 new Sun Aluminum clad windows (Architectural Correct) o 10 original windows with sashes restored and ready to finish out o 75% of original hardwood floors in good shape and able to be restored Overall space is ready to move forward Exterior Parapet wall complete rebuilt by Architectural Renovators in Fall of 2020 (Original Architectural details restored) Previous owners had new high rib metal roof installed appx 15 years ago Metal roof had spray on rubber coating installed in Spring of 2020
Exterior Features

Construction Type1 Brick Exterior Brick Fire Doors YN Yes Lot Dimensions 28 X 105 Parking PublicStreet Parking Spaces 5 Parking Type Street Parking YN Yes Road Access City Roof Material MetalRubber Security Light YN No Signs YN No Waterfront YN No

Interior Features

Basement Foundation Partial Basement Basement YN Yes Bldg1 Above Grd Sq Ft 5815 Bldg1 Below Grd Sq Ft 728 Bldg1 Fin Office Sq Ft 1600 Ceiling Height 14 Column Spacing 0 Cooling Central Air Flooring Laminate Heating Fuel Forced AirGas Interior Height 14 Interior Walls Drywall Special Features BasementOffice Space Total Restrooms 2

Property Features

Annual Taxes 2160 Auction YN No Buildings 1 Burglar Alarm YN No Currently Leased YN Yes Documents Available Other Enterprise Zone No Equipment YN Yes Fire Protection City For Sale Or Rent For Sale Gross Monthly Rent 1200 Ingress Egress Asphalt Lease Available YN No Lease Term Remaining 5 Years New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Property Sub Type Retail Reo YN No Sale Includes BuildingLease Sewer Public Smoke Fire Alarm YN Yes Sprinkler System YN No Tax Abatement No Township Washington Water Heater YN Yes Water Softener YN No Water Utility Public Year Taxes Payable 2020

Listing provided by Stacy Stevens of Landmark Realty & Development, Inc: 812-474-9814.
© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty.


© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2022-09-26T08:28:39.713.

 
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