Apt & Retail in Downtown Seymour

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30523978
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub
Status: Pending/Contingent
Building Size (RSF): 3,962 SF
Sale Price: $160,000
Unit Price: $40.38 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/4/2019

Overview / Comments

GROWING Historic Downtown Seymour. Things are certainly on the move with several buildings have transferred ownership and are now being renovated. This property was formerly operating as a retailer with a renovated apartment upstairs. Appliances stay (refrigerator, stove and dishwasher). Buyer could work and live or rent out both the nicely finished apartment and a first floor retail space that could be 2 spaces if needed as they have 2 restrooms and 2 separate entry doors. Downtown Seymour has new boutique shops, restaurants and cafes and more pubs, restaurants and shops on the way. Change is coming and its evident. John Mellencamp just signed his newly added mural image on the side of a Downtown building across the street and it is already bringing visitors. Come grow with us as we seek out a winery, brewery, restaurants and boutique shops. The City has recently purchased and turned an abandon 3.25 acre site into a great Downtown Event Venue that has already brought thousands Downtown. The City has also approved and is planning for a smaller interactive musical park in Downtown as well. The local Main Street Program, Seymour Main Street is very active and continually works toward bringing events and activities to Downtown throughout the year. What a fantastic place to bring you and your business to. Great place to live, work and play. Call for appt. Mike.

Additional Details

Nearest MSA: Seymour
County: Jackson
Tax ID/APN: 366617317040000009
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Indianapolis Ave and Chestnut St
Property Visibility: Excellent
Largest Nearby Street: Hwy 50
Highway Access: Less than 1 mile to I-65 via Hwy 50 which runs 1 block away from this building.
Airports: Regional Airports, Indianapolis Airport and Louisville International airport
Site Description: Building is inline street retail with a great inventory of historic buildings that are 2 and 3 stories. This building has 2 private parking spaces in the rear of the building or of the alley. Total 1st floor is 2422sf. Set up for 2 separate or adjoining suites one at apprx 500sf and than the other approx 1100sf, both with restrooms and plus 882sf of storage spaces behind units.
Area Description: Growth is the best way to put. Coming soon is Vat and Barrel which will serve craft brew and select wines along with a limited menu as its about atmosphere and social interaction. There is also a German pub/restaurant opening in 2020.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,540 SF
Construction/Siding: Brick, Stucco
Exterior Description: Brick and stucco. However stucco is covering what is likely the original brick work. You may qualify for facade grant funds upwards of $20,000 to take it back to its more original and historical period.
Parking Type: Surface
Parking Description: Private parking for owner and or tenant with 2 private spaces behind the building off of the alley way. Customers have angle parking out front or street parking with other free parking lots throughout downtown.
Heat Type: Natural Gas
Heat Source: Central
Interior Description: Two bedroom upstairs apartment. Renovations include the living room, kitchen, utility room for washer/dryer and bathroom tub/shower update to a more modern finish with drywall.
Zoning Description: C4 Central Business District (see attachment under photos and documents this site)
Water Service: Municipal
Sewer Type: Municipal
Legal Description: W1/2 13--K

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,504 17,419 25,201
Median Age: 34.22 36.36 37.34
Households: 3,333 6,916 9,880


Photograph of Listing Agent

Michael A Kopp

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