124 Rush StKendallville, IN 46755-1738

  • Commercial real estate
  • 4,464 SF
For Sale
$250,000 View listing

Property Details for 124 Rush St

Year built
1920
Construction
TYPE NOT SPECIFIED
Lot size
0.15 AC
Property size (Sq ft)
4,464 SF
Property type
Commercial real estate
APN
57-07-33-320-162.000-020
APU
570733320162000020

Description

This exceptional 6,490 square foot commercial property, located at 124 E Rush Street in Kendallville, Indiana, presents a rare opportunity to acquire a piece of history. Built in 1913, this building boasts significant architectural details and historical significance as one of the original 1679 libraries constructed in the USA with funding from Andrew Carnegie. The property features a grand entryway, a charming library room with built-in bookcases, soaring ceilings, intricate ironwork, original wood details, a rich dark brown brick and fieldstone exterior, and a red clay tile roof. Classic outdoor lighting and simple landscaping complement the building's clean lines. A full basement with tall ceilings, large daylight windows, and a separate back entrance offers additional space. Recent updates include two brand new high-efficiency furnaces and two new AC units. Situated on a 0.15-acre lot, this versatile property offers multiple work/living spaces on both the main and lower levels. Its past uses include a public library, law firm, architecture firm, and art gallery, showcasing its adaptability for various commercial ventures. This meticulously maintained building represents a unique investment opportunity in Noble County, Indiana, combining historical charm with modern functionality. The property is zoned for commercial use and is priced at $250,000. The zip code is 46755-1738.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $961,012
    Hospitality
    $880,282
    Educational
    $732,384
    Medical
    $757,572
    Retail
    $1,139,264

Location Insight

City
Kendallville
County
Noble
State
Indiana
Latitude
41.4413
Longitude
-85.2639
CBSA code
28340
CBSA name
KENDALLVILLE, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,830
$13,600
$142,700
$156,300
-
$13,600
$142,700
$156,300

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