518 W Main Street Newburgh, IN ^$ 1,100,000

518 W Main Street

^$ 1,100,000

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518 W Main Street

Newburgh, IN, 47630

^$ 1,100,000

Studio Baths5.0 Sq 5,845

Monthly Estimate*

^$ 7,684

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Studio

Commercial Property for sale in Newburgh, IN

for $1,100,000 with 5 full baths. This 5,845 square foot building was built in 1963 on a lot size of 0.62.

This exceptional property, comprising 5,845 sq ft of prime real estate divided into four distinct units, takes center stage in a prime location, boasting high visibility as one of the first landmarks encountered upon entering historic downtown Newburgh, Indiana. Recent renovations by LA+D have revitalized this historic gem, which rests on a .62-acre lot. This one-of-a-kind property assures a unique investment opportunity for a wide range of retail businesses aiming to meet the evolving market demands of downtown Newburgh.

Commercial Active

Price

^$ 1,100,000

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 6,381

Style

Mixed Use

Lot Size

0.62

Year Built

1963

Town/City

Newburgh

County/Region

Warrick

MLS | Web ID

202339655

Features

General

Heating Forced Air Multiple Heating Systems

Cooling Central Air Multiple Cooling Units

Ceiling Height 12

Roof Metal

Parking Yes Lot Public Street

Sewer City

# of Buildings 1

Status Active Active

Bathrooms 5

Year Built 1963

New Construction No

Subdivision None

Stories 1

Township Ohio

Class COMMERCIAL

Present Use Investment Property

Type Mixed Use

Age 61

Special Features None Ventilating/Exhaust Fans Refrigeration/Freezer

REO No

Area Warrick County

Location City

City Newburgh

Street Name Main

Legal Description PT FRAC. S3 T7 R9 PT SW S34 T6 R9 .62 A.

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202339655

Agent First Name Andros

Agent Last Name L'Grand

DOM 185

Tax Year 2023

Exterior

Road Access City

Exterior Brick Concrete Asphalt

Lot Size Area 27007

Lot Dimensions 112X50

Parking Type Parking Lot

Waterfront Y/N No

Interior

Flooring Mixed

Basement/Foundation Slab

Walls Drywall

* Excluded Features

List By

Andros L'Grand

Listing Agent

Keller Williams Capital Realty

Broker

androslgrand@gmail.com

Affordability Calculator

$8,216

Per Month

Monthly Principal & Interest: $7,684
Monthly Property Taxes: $532
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Newburgh, IN

Average List Price ^$1,028,500

Percent of Sale Price 6%

About Newburgh, IN

3,292 Population

16% Since 2002

^$56,814 Median Income

41.17 Median Age

22% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1237469 Elementary School

1237627 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/25/2024	$1,100,000	-12.00%	Price Down
2/7/2024	$1,250,000	-15.61%	Price Down
10/27/2023	$1,481,160		Listed Price

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518 W Main Street, Newburgh, IN, 47630 is a Commercial Property for sale at $1,100,000 with 5,845 sqft and a lot size of 0.62. 518 W Main Street is a studio with 5.0 baths and was built in 1963. The property's zip code is 47630 which is in Newburgh, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Multiple Listing Service of the Indiana Regional Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Indiana Regional Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/30/2024.

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518 W Main Street

Commercial Property for sale in Newburgh, IN

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