1015 E Center St - Office FOR SALE


Warsaw, IN 46580
$569,000 USD
574-551-9492
1015 E Center St, Warsaw, IN for Sale
$569,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

Apr '26


1015 E Center St
Warsaw, IN 46580


HIGHLIGHTS

  • High-visibility, prime Warsaw, IN location, Priced below recent appraisal. 20 private parking spaces. Shared circular drive and a private drive
  • Potential uses: Office (insurance, legal, medical, real estate), multi-family (up to 3 units), single family home. Upper level kitchen. 3 half baths.
  • Brick structure, separate HVAC systems for each side, security system, garage, Cat 5 wiring throughout, whole building generator

OVERVIEW

Located on East Center Street in Warsaw, this high-visibility property offers exceptional versatility and opportunity. Originally constructed as a stately 4,400+ sq. ft. brick residence, it has served as a professional office for the past 50 years. Zoned R-2, the property presents a wide range of potential uses, including conversion back to an historic single-family home featuring a grand staircase and a striking (currently non-working) fireplace; professional office space (ideal for insurance, legal, or real estate use); retail; or multi-family living with up to three units. With three separate front entrances, the layout also lends itself perfectly to a live/work arrangement-occupy one side while operating a business or studio in the other. Interior features include two front staircases, a rear staircase, and three (possible four) half baths (with potential to readily convert one to a full bath). The west-side north room includes a dedicated A/C setup with its own thermostat, previously used for server equipment. Additional amenities include a partial basement for storage and a detached maintenance garage with office space. The property is equipped with a natural gas whole-building generator with automatic transfer switch, Cat 5 wiring throughout, in-room speaker wiring, Metronet underground fiber, separate HVAC systems for each side, and a security system covering both the main building and garage. Outside, enjoy easy ingress and egress off Center Street via a shared circular driveway and the rare benefit of 20 private parking spaces. There's also a private gravel egress on the west side. Priced below recent appraisal, this unique property is ideally positioned in a prime Warsaw location with endless possibilities.

FOR SALE DETAILS

PRICE

$569,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1860

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,346 SF

ZONING

R-2

APN/PARCEL ID

43-11-09-300-672.000-032

ASK ABOUT THIS PROPERTY

Kathy HammanRE/MAX ResultsMore Info
574-551-9492

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Kathy HammanRE/MAX ResultsMore Info
574-551-9492

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.