208 Lincoln AveGoshen, IN 46528

Property Details for 208 Lincoln Ave

Year built

1893

Construction

WOOD

Lot size

0.06 AC

Property size (Sq ft)

7,262 SF

Zone code

ZO01

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

20-11-09-430-002.000-015

APU

201109430002000015

Description

This exceptional mixed-use property, located at 208 E Lincoln Ave in the heart of Goshen, Indiana, presents a unique investment opportunity. The building, constructed in 1893, boasts a total of 4,720 square feet across two buildings and two stories. Currently, the occupancy rate is 50%, with two street-level commercial spaces and two upstairs penthouse loft apartments. One 1,176-square-foot street-level suite is occupied by a non-profit organization, with a residential unit above. The second street-level suite, measuring 1,184 square feet, is vacant and ready for renovation. This space also includes an upstairs penthouse loft, offering significant potential for high-end residential development. The property is zoned B2 and situated in Goshen's vibrant downtown, known for its thriving shops, restaurants, and popular First Friday festivals. While the building requires some work, its prime location and versatile layout offer unlimited potential for the right investor or user to capitalize on its considerable upside. The asking price is $349,900. This is a chance to own a piece of Goshen's bustling downtown, with the potential to create a thriving commercial and residential space. The property's two-building structure and multiple units provide flexibility for a variety of uses and income streams. Don't miss this opportunity to acquire a significant piece of Goshen's commercial real estate market.

Location Insight

City

Goshen

County

Elkhart

State

Indiana

Latitude

41.5862

Longitude

-85.8326

CBSA code

21140

CBSA name

ELKHART-GOSHEN, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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