112 S Wabash Street, New Richmond, IN 47967

$205,000 Asking Price

3 beds
2 baths
17,600  sqft
Built in 1900

This historic building, prominently featured in the movie "Hoosiers," is a true gem in New Richmond. At 123 years old, it has been meticulously maintained and boasts a beautifully renovated first floor. With soaring 14 to 15-foot ceilings adorned with crown molding and ceiling tiles, the building exudes character and charm. Currently serving as an office and home, its potential uses are boundless, including conversion into a brewery, apartment complex, Airbnb, or even a hotel. Each of its spacious 4,400 square foot floors is a canvas awaiting your creative vision, with the second and third floors offering limitless possibilities for renovation. The building comes equipped with a four-year-old metal roof, three air conditioners, and a generator, ensuring modern comfort. The basement, in pristine condition, offers an additional 4,400 square feet and could be transformed into a unique wine cellar or speakeasy. Full stairway access to all floors and ample parking at the rear and on the street make this property a versatile canvas for your imagination. While some windows on the upper floors need replacement, this historic building is a remarkable opportunity waiting to be seized.

Features & Amenities

Interior

Basement:
Full Basement,Unfinished
Flooring:
Hardwood Floors,Carpet,Vinyl
A/C:
Central Air
Heating:
Propane,Forced Air

Exterior

General:
Brick

Construction

General:
Three Story, Full Basement,Unfinished

Location

HOA Amenities:
Not Applicable
School District:
North Montgomery Community School Corp.

Lot

Zoning:
Unknown, LOT 1 GEORGE W WASHBURNS 1ST PT EH NEQ 9-20-5 0.38 A (TOTAL 0.49 A), 54-03-09-114-025.000-013

Utilities

Water:
City

This listing courtesy of:
@properties, Cathy Russell

About New Richmond, IN

Housing

Number of Units
352
Median Home Value
$120,349
Median Rent
$517

12.78% of housing units are renter occupied.

5.70% are vacant.

Commute

Car
91.09%
Public Transportation
0.00%
Walk to Work
1.59%
Work from Home
6.82%
Other
0.50%

The median travel time to work is 31 minutes.

People

Population
877
Median Age
41.50
Median Household Size
2.75

Education

High School
40.04%
Associate’s Degree
10.48%
Bachelor’s Degree
10.59%
Graduate Degree
2.28%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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