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1516 Main Street
1516 Main Street
1516 Main Street
1516 Main Street
1516 Main Street
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1516 Main Street
1516 Main Street
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1516 Main Street
Courtesy of Highgarden Real Estate, Albert Stancato Listing Contact:  
Sold

1516 Main Street

1516 Main Street, Elwood, IN 46036

$65,000
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.

4,907 Sq.Ft. LIVING AREA

6,970 Sq.Ft. lot

Features & Amenities

Area & Lot

  • Status Sold
  • Date Sold April 1, 2025
  • Living Area4,907 Sq.Ft.
  • Total Area4,907 Sq.Ft.
  • Lot Area6,970 Sq.Ft.
  • MLS® ID21960968
  • TypeCommercial
  • YEAR BUILT1895
  • Elementary SchoolElwood Elementary School
  • School DistrictElwood Community School Corp

Exterior

  • STORIES2
  • utilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • roofAsphalt
  • parkingAttached, Asphalt

Financial

  • Sales Price$65,000
  • Zoning B-2

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Contact Details

Staff Homes Real Estate

Paul Staff

Phone

(317) 308-8250

Email

[email protected]

Becca Staff

Phone

(630) 247-9649

Email

[email protected]

Address

8500 Keystone Crossing Ste 170 Indianapolis, IN 46240

Submit a Message

By providing your contact information to Staff Homes, your personal information will be processed in accordance with Staff Homes's Privacy Policy. By checking the box(es) below, you expressly consent to receive marketing or promotional real estate communication from Staff Homes in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. Consent is not a condition of purchase of any goods or services. You may opt out of receiving further communications from Staff Homes at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe. SMS text messaging is subject to our Terms of Use.

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