501 Main St Rochester, IN 46975

This exceptional commercial property located at 501 Main Street, Rochester, Indiana, presents a remarkable investment opportunity for developers and savvy investors. The building boasts approximately 27,500 square feet of above-ground space, distributed across two levels. The main level encompasses nearly 20,000 square feet, with approximately 14,000 square feet situated above a concrete slab and an additional 6,000 square feet above a basement. A significant portion of the main level (6,000 square feet) retains its original hardwood flooring. The expansive basement provides convenient access for utility lines. The second level offers approximately 7,500 square feet, also featuring original hardwood floors and a well-maintained elevator shaft. Recent improvements include a new roof installed on the second level in 2022, and a certified professional completed asbestos removal in 2021. The sale includes valuable construction blueprints with state approvals, comprehensive records detailing past improvements, a detailed project management timeline, and a business planning data table, providing a solid foundation for future development or immediate occupancy. The property sits on a 0.47-acre lot. Priced at $250,000, this property offers significant potential for substantial return on investment.