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: |
$3.41 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
JR Building |
| Usable Size (USF): |
29,307 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
25 |
| Last Updated: |
3/15/2023 |
Overview / Comments
Property Is Two Parcels 119 N Green and 117 E Market St
Unique downtown building with frontage on two city streets, Green Street and Market Street, Brick/block structure with over 27,300 sq ft. on main and upper levels. Main level with 15,131 sq ft of multiple offices, conference rooms, kitchen/break room and warehouse/storage, 5735 sq.ft. warehouse storage area with two overhead drive-in doors for inside parking area, this garage area has room for possible 15 vehicles. Second floors with over 6200 sq ft of what has been used as apartment/office space. Building also has partial basement. Building has multiple possibilities including apartments, office, retail, restaurant and more, the possibility of inside secured parking is very unique for the downtown area. Property Being sold "AS IS"
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Financials
| Finance Data Year |
2015 |
| Real Estate Taxes - Annual($) |
$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 |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Moody's assume any liability for errors or omissions.
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