1601 Main StElwood, IN 46036

This exceptional three-story, 23,595-square-foot creative office building presents a unique redevelopment opportunity in the heart of downtown Elwood, Indiana. Located at 1601 Main St, Elwood, IN 46036, this C-Class, single-tenancy property sits on a 17,424-square-foot lot and boasts a rich history, having been built in 1900 and renovated in 1970. Currently at 40% occupancy, the building offers significant potential for a variety of uses, including mixed-use development. The property features a basement, attached garages, and unique interior spaces including a third-floor stage and educational rooms. The building's character and central location in Elwood, a well-known area, make it an attractive investment. Zoned C1, the property is being sold "as is" for $275,000 ($11.66/sq ft). The current owner has utilized the space for storage in recent years. Potential buyers may wish to explore available grants and incentives for qualified projects. This is an owner/user investment opportunity with significant upside potential.