Remarks

Remarkable commercial 4 unit built in 1977 and owned by the same owner for nearly 20 years. Also known as.. Wheeler Building. Situated on a highly visible road. Professional office space around the corner from the Court House and across the street from Speedway. Great opportunity to own a stabilized property. There are currently 2 occupied units. Orthodontist Dr James A Tetz has been renting since 1985 and pays $1,400/mo. Direct Mechanical has been there since 2019 and pays $1,200/mo. Tenants have leases until 2027. Attorney Robert Woods just recently vacated the building. 2nd floor suite with a separate bathroom (used to be attorneys office). Can be rented for $1,300+ a month. Downstairs unit is vacant and is used by the current owner. New roof 2023. 4 furnaces and 4 central airs are relatively new as well. 13 parking spots off street. Street parking adjacent to the property as well. Close to Columbus!
$20,000 worth of work on new floor and steps upstairs. Every room re-painted. Building is full with tenants.

Details

MLS#: 1029397
Price: $539,900

Sq Ft: 4910
Year Built: 1977

County: Madison
Lot Size: 132*66
Tax Fee: 1763