Map
Listed price in listed location currency (USD).
$1,675,000

00100

MLS® 844226

Overview

Key Facts

Type Mixed Use
Levels Commercial Sale
Size 13400 sqft
Garage No
Maintenance Fees 
Taxes $10,690
Days Active 9
Approx. Age 1927
Avg. Price Per Sqft $125
MLS® Number 844226

Property Address: 120-118-120 N Main St, Hebron, IN, 46341-8986

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number844226
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1927
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatOther
A/C

Extras

Map

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