1600 A StElwood, IN 46036

Property Details for 1600 A St

Year built

1927

Construction

WOOD

Lot size

0.20 AC

Property size (Sq ft)

3,056 SF

Property type

Office properties

Property subtype

Other office properties

APN

48-04-10-303-094.000-027

APU

480410303094000027

Description

This 3,236 square foot Elwood, Indiana coworking space, located at 1600 N A St (cross street: N 16th Street), offers a unique blend of traditional office space and adaptable flex space, perfect for diverse business needs. The single-story, 1927-built building underwent renovations in 2021 and sits on a 0.2-acre lot. The property features two individual offices (each $200/month), a larger office/conference room ($375/month), and extensive flex space ($2,300/month) with three overhead doors and a wash bay area. Additional basement space is available for $400/month. Shared amenities include a fully equipped kitchen and a conference room. The property boasts a minimum divisible space of 67 square feet and a total of five parking spaces. Zoned B2, this property (APN: 48-04-10-303-094.000-027, Madison County) presents a compelling opportunity for businesses seeking a professional yet flexible workspace. All spaces are offered with full-service leases for ultimate convenience. The property is currently fully vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $380,379

  6.5%

  $351,119

  7%

  $326,039

• Comparable approach

  Method

  Valuation

  Relative Method

  $379,525

  Geo Method

  $379,525

• Alternative Use

  Use

  Valuation

  Residential

  $435,387

  Hospitality

  $398,812

  Educational

  $331,807

  Medical

  $343,219

  Retail

  $516,145

Location Insight

City

Elwood

County

Madison

State

Indiana

Latitude

40.2781

Longitude

-85.8398

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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