Remarks

Once-in-a-Lifetime Opportunity to Own the Iconic Moonbow Building in Downtown Corbin!

This historic landmark is hitting the market for the first time, offering an incredible chance to own a piece of Corbin's rich history while benefiting from a property with multiple income streams. Perfectly situated in the heart of downtown, the building is known for its unbeatable visibility and as the renowned 'Moonbow Building.'

This property features a 3-year-old solar panel array valued at $50,000, which keeps utility bills impressively low, ranging from $200 to $1,200 in January. Utilities are included in the rent for tenants, making the property even more attractive and ensuring ease of management. A modern HVAC system and mechanical room further enhance comfort and efficiency. All spaces are currently rented, providing consistent income.

The first floor offers approximately 5,000 square feet of flexible commercial space. The open layout is designed to accommodate a variety of uses, such as retail, an event venue, or other business ventures. The space includes two open mezzanines, ADA-compliant male and female bathrooms, a full kitchen, and ample storage space. Access is provided The second floor, also approximately 5,000 square feet, features two high-end luxury furnished apartments with private and exclusive access from 2nd Street. Both units are currently rented, contributing to a steady revenue stream.

This property is low maintenance, energy-efficient, and ready to provide its next owner with unparalleled opportunities in one of the most desirable locations in town. Rent rolls and floor plans are available upon request. The lot size is based on an owner estimate and may not be accurate. Buyers are advised to verify the information.

Don't miss this rare opportunity to make the Moonbow Building yours and become part of Corbin's vibrant downtown community.

Details

MLS#: 25000974
Price: $899,000

Sq Ft: 11450
Year Built: 9999

County: Whitley
Subdivision: City Limits