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Description

Property Overview

Built in 1900, this building is truly a piece of history:
* Originally Livery for the Town of Danville.
* Later it became a Ford auto dealership – used a ramp in the rear garage area
to drive cars up onto the second-floor showroom.
* Currently a Mixed-Use property.
* First floor has 5,000+ sf garage space on the north end of the building,
-private parking or storage
* There is a 2,500 sf of Office or Could be Used as Retail Storefront in the Center of 1st Floor
* A Second 1,400 sf Storefront on the South Side of the Building
* The Second Floor is Currently Three Apartments: One 1100 sf, Two 750 sf each

– The Remainder of the Building is Common Area, Hallway and a Storage Room.

– There is also an Attic Space Above the Second Floor.
* Needs Some TLC
* Will make a great Owner-Occupied building
* Income Producing Property – Total Income for the building between the housing, retail and storage space tenants is $2725/month.
* Current owner has not been paying himself rent during his tenure of ownership

* The building currently uses gas heat with individual air-conditioning units.
* Taxes are $4500/year
* Water Heaters and Furnaces in the Apartments Have All Been Replaced Within the last Five Years
* Both Retail & Apartment Tenants Have Been on Year to Year Leases for 3+ years.

* Restoration of this building could qualify for the Investment Tax Credit Program (learn more here: http://www.in.gov/dnr/historic/2794.htm ).
* There is also a Façade Grant Program available through the Danville Downtown Partnership program
(learn more here http://www.danvilleindiana.org/egov/documents/1492429554_9643.pdf ).

  • Address: 115 S Washington St
  • City: Danville
  • State/county: Indiana
  • Zip/Postal Code: 46122
  • Country: United States

Detail

Updated on September 8, 2017 at 1:30 pm

  • Price: $300,000
  • Property Size: 18144 Sq Ft
  • Land Area: .21 Acres
  • Year Built: 1900

Additional details

  • Residential Apartment: 750 sf
  • Residential Apartment: 750 sf
  • Residential Apartment: 1100 sf

Contact info

Sarah Elkmann
Sarah Elkmann

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