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137 E Washington St
Shelbyville, IN 46176

$1,999,999 USD

Lodge Meeting Hall For Sale  •  29,906 SF

Property Details

  • Property Type Lodge Meeting Hall
  • Total Building Size 29,906 SF
  • Lot Size 0.34 AC
  • Building Class C
  • Year Built 1928
0 Transit Score
76 Walk Score

Description

Former National Guard Armory building turned into a Mixed use building. We have 5 studio apartments with own full bath (average rent at $800 a month per unit), 1 - 2 bedrooms, 1 bath $900, 1 - 2 bedroom and 2 full baths $1000 1 - 3 bedroom, 1 bath (finished date in a few months). Newley renovated Full gym with full stage, full commercial kitchen and handicap restrooms, parking garage below the building is actually being used for baseball/softball batting and pitching classes and for storage. The gym, kitchen and basement are rented out by the hour. This building has a brand new roof, windows and doors.

Highlights

Full size gymnasium with stage and kitchen along with parking garage in basement. With 12 apartments.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $42,500 USD (2017)
Total Expenses: $14,721 USD

Amenities

  • Property Manager on Site
  • Signage
  • Air Conditioning
Chad Christian 317-398-7203 Christian Investments
Chad Christian 317-398-7203 Christian Investments