
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
-
0BEDS
-
0.07ACRES
-
0BATHS
-
01/2 BATHS
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
Related Properties
© 2023 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 Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2023-11-30T00:28:23.303.