JR Building

Retail-Commercial for Sale
Catylist Listing ID: 30831965
Building Size (RSF): 29,307 SF
Gross Land Area: 0.56 Acres
Sale Price: $100,000
Unit Price: $3.41 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: JR Building
Usable Size (USF): 29,307 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 25
Last Updated: 3/15/2023

Overview / Comments

Property Is Two Parcels 119 N Green and 117 E Market St
Unique downtown building with frontage on two city streets, Green Street and Market Street, Brick/block structure with over 27,300 sq ft. on main and upper levels. Main level with 15,131 sq ft of multiple offices, conference rooms, kitchen/break room and warehouse/storage, 5735 sq.ft. warehouse storage area with two overhead drive-in doors for inside parking area, this garage area has room for possible 15 vehicles. Second floors with over 6200 sq ft of what has been used as apartment/office space. Building also has partial basement. Building has multiple possibilities including apartments, office, retail, restaurant and more, the possibility of inside secured parking is very unique for the downtown area. Property Being sold "AS IS"

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $13,922 (Annual)
Tax Value Land $49,500
Tax Value Improvements $356,300
Assessed Value - Total($) $405,800 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $14,601 (Annual)
Tax Value Land $49,500
Tax Value Improvements $362,600
Assessed Value - Total($) $412,100 (Annual)
Finance Data Year 2011
Real Estate Taxes - Annual($) $12,828 (Annual)
Tax Value Land $63,500
Tax Value Improvements $364,100
Assessed Value - Total($) $427,600 (Annual)
Finance Data Year 2010
Real Estate Taxes - Annual($) $12,330 (Annual)
Tax Value Land $61,300
Tax Value Improvements $349,700
Assessed Value - Total($) $411,000 (Annual)
Finance Data Year 2009
Real Estate Taxes - Annual($) $12,468 (Annual)
Tax Value Land $55,200
Tax Value Improvements $360,400
Assessed Value - Total($) $415,600 (Annual)

Additional Details

Nearest MSA: Crawfordsville
County: Montgomery
Tax ID/APN: 54-17-32-331-003.000-030 & 54-17-32-331-004-000-030
Zoning: B1
Retail Clientele: Business
Property Visibility: Good
Largest Nearby Street: Market
Feet of Frontage: 97
Traffic/Vehicle Count: 14,960
Highway Access: W Market St is also St Rd 32 and US 136
Airports: Indianapolis 45 miles, Lafayette 35 miles, Crawfordsville 5 miles
Site Description: Building has frontage on Market St and Green St, originally built as National Guard Armory in 1934 since has and is the Journal Review Newspaper Building
Area Description: Downtown Crawfordsville
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1934
Year Renovated: 1982
Roof Type: Other
Construction/Siding: Brick
Exterior Description: Brick
Parking Type: Structure, Surface
Parking Description: On street parking and the E Market St building(5735 sq ft) has overhead doors at front & back for inside parking
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Fiber Optic
Interior Description: Part office area, part was printing press area, storage and 2nd building parking or warehouse space. 2nd level for living area or office
Zoning Description: Business
Lot Frontage: 97 & 79
Lot Depth: 165 & 165
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: PT LOTS 109 & 110 CRAWFORDSVILLE O P

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,031 15,867 21,577
Median Age: 33.48 36.83 38.44
Households: 2,578 6,310 8,604
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