1 Church StCambridge City, IN 47327

Property Details for 1 Church St

Year built

1900

Construction

WOOD

Lot size

0.20 AC

Property size (Sq ft)

6,000 SF

Zone code

ZO01

Property type

Medical offices

Property subtype

Medical centers

APN

89-08-27-240-330.001-016

APU

890827240330001016

Description

This exceptional 6,000-square-foot commercial office building, located at 1 E Church St in historic downtown Cambridge City, Indiana, presents a unique investment opportunity. Built in 1900 and extensively renovated in 2019, this three-story building offers a blend of classic architectural details and modern amenities. The property features a standing seam metal roof, energy-efficient vinyl windows, updated electrical and HVAC systems, and CAT 5 cabling throughout. Inside, you'll find multiple office spaces, several conference rooms, and custom mahogany doors and trim, adding to its character and functionality. The building also boasts two separate stairwells providing access to the second and third floors, and multiple restrooms are conveniently located on the first and second floors. Outside, a concrete parking lot provides ample parking for over a dozen vehicles. Situated on a 0.196-acre lot, this move-in ready building is ideally suited for a variety of uses, from traditional office space to service-oriented businesses. The asking price is $299,900, with a price per square foot of $49.98. This property offers a rare combination of historical significance, modern functionality, and excellent location in the heart of Cambridge City, Indiana (zip code 47327). Don't miss this chance to own a piece of Cambridge City history.

• CAP approach

  CAP return

  Valuation

  6%

  $786,273

  6.5%

  $725,790

  7%

  $673,948

• Comparable approach

  Method

  Valuation

  Relative Method

  $745,140

  Geo Method

  $745,140

• Alternative Use

  Use

  Valuation

  Residential

  $899,980

  Hospitality

  $824,377

  Educational

  $685,872

  Medical

  $709,460

  Retail

  $1,066,912

Location Insight

City

Cambridge City

County

Wayne

State

Indiana

Latitude

39.8118

Longitude

-85.1695

CBSA code

39980

CBSA name

RICHMOND, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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