1516 Main Street, Elwood IN 46036

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$49,500

1516 Main Street, Elwood, IN 46036

bedrooms

bathrooms

square feet

4,907

Acreage

0.16

Open Houses

year built

1895

Full Baths

Half Baths

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Investor's Dream Opportunity! Calling all savvy investors! This 4,907 sq. ft. commercial property is a blank canvas with immense potential. Previously utilized as a laundry cleaner and U-Haul truck rental, this property offers plenty of possibilities for redevelopment or multi-use purposes. Versatile Layout: The 2,729 sq. ft. downstairs can be subdivided to fit your vision, while the upstairs space was being designed for two studio apartments, adding rental income potential. City Incentives: There is POTENTIAL for a tax abatement through the city-an added financial boost for your investment. Important Note: This is a highly distressed property requiring immediate attention, including a new roof and renovations throughout. Includes asphalt parking lot! Serious investors who can see the opportunity beneath the surface, this one's for you! Don't miss your chance to turn this fixer-upper into a profitable venture. Schedule your showing today! Serious inquiries only.

Location
Subdivision	-
County	Madison
Elementary School	Elwood Elementary School
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 21960968

Listing agent: Albert Stancato #RB16000255

Listing broker: Highgarden Real Estate (317) 280-4663

Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Friday, January 24 2025 at 4:21 p.m. EST

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