18 Jefferson StKnightstown, IN 46148

Property Details for 18 Jefferson St

Year built

1900

Construction

WOOD

Lot size

0.04 AC

Property size (Sq ft)

3,500 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

33-16-33-241-280.000-030

APU

331633241280000030

Description

This exceptional mixed-use property, located at 18 North Jefferson Street in Knightstown, Indiana, presents a unique investment opportunity. The 3,500 square foot building, constructed in 1900 and situated on a 0.04-acre lot, offers a blend of commercial and residential space. Currently configured as a winery, the main level boasts a beautifully updated 1,750 square foot open retail area, complete with a built-in bar, hardwood floors, a washroom, and a half-bath. This space is easily adaptable to other retail uses, such as a coffee shop. Upstairs, a well-maintained 1,270 square-foot, two-bedroom, one-bathroom apartment provides additional income potential or comfortable living space. The apartment features hardwood floors, a large open living room and kitchen area with included appliances, and a 480 square-foot storage area. Both the commercial and residential units have separate meters for simplified expense management. Recent upgrades include a new roof, additional attic insulation, upgraded main-level plumbing, new siding, two new furnaces, and two new central air units. A 1,750 square-foot basement provides ample storage. The property's convenient location offers quick access to I-70 and is only 45 minutes from downtown Indianapolis. This is an ideal opportunity for owner-occupancy or generating rental income from both the commercial and residential spaces. The building is zoned C-1. This property is a must-see for discerning investors seeking a versatile and profitable venture.

• CAP approach

  CAP return

  Valuation

  6%

  $541,978

  6.5%

  $500,288

  7%

  $464,553

• Comparable approach

  Method

  Valuation

  Relative Method

  $673,731

  Geo Method

  $673,731

• Alternative Use

  Use

  Valuation

  Residential

  $500,288

  Hospitality

  $458,261

  Educational

  $381,268

  Medical

  $394,380

  Retail

  $593,083

Location Insight

City

Knightstown

County

Henry

State

Indiana

Latitude

39.7959

Longitude

-85.5264

CBSA code

35220

CBSA name

NEW CASTLE, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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