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Investment Highlights

  • High-visibility, prime Warsaw, IN location, Priced below recent appraisal. 20 private parking spaces. Shared circular drive and a private drive
  • Brick structure, separate HVAC systems for each side, security system, garage, Cat 5 wiring throughout, whole building generator
  • Potential uses: Office (insurance, legal, medical, real estate), multi-family (up to 3 units), single family home. Upper level kitchen. 3 half baths.

Executive Summary

Located on East Center Street in Warsaw, this high-visibility property offers exceptional versatility and opportunity. Originally constructed as a stately 4,400+ sq. ft. brick residence, it has served as a professional office for the past 50 years. Zoned R-2, the property presents a wide range of potential uses, including conversion back to an historic single-family home featuring a grand staircase and a striking (currently non-working) fireplace; professional office space (ideal for insurance, legal, or real estate use); retail; or multi-family living with up to three units. With three separate front entrances, the layout also lends itself perfectly to a live/work arrangement-occupy one side while operating a business or studio in the other.
Interior features include two front staircases, a rear staircase, and three (possible four) half baths (with potential to readily convert one to a full bath). The west-side north room includes a dedicated A/C setup with its own thermostat, previously used for server equipment. Additional amenities include a partial basement for storage and a detached maintenance garage with office space. The property is equipped with a natural gas whole-building generator with automatic transfer switch, Cat 5 wiring throughout, in-room speaker wiring, Metronet underground fiber, separate HVAC systems for each side, and a security system covering both the main building and garage. Outside, enjoy easy ingress and egress off Center Street via a shared circular driveway and the rare benefit of 20 private parking spaces. There's also a private gravel egress on the west side. Priced below recent appraisal, this unique property is ideally positioned in a prime Warsaw location with endless possibilities.

Financial Summary (Actual - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,476 SF
Building Class
B
Year Built/Renovated
1860/2015
Price
$781,647 CAD
Price Per SF
$174.63 CAD
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
2,238 SF
Building FAR
0.19
Lot Size
0.54 AC
Zoning
R-2 - Zoned as R-2, this property presents a wide range of potential uses.
Parking
20 Spaces (4.47 Spaces per 1,000 SF Leased)

Amenities

  • Reception
  • Storage Space
  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector
  • Backup Power / Generators
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
43-11-09-300-672.000-032
Land Assessment
$117,865 CAD (2025)
Improvements Assessment
$251,253 CAD (2025)
Total Assessment
$369,119 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024 Payable 2025
  • Listing ID: 39837719

  • Date on Market: 2026-03-19

  • Last Updated:

  • Address: 1015 E Center St, Warsaw, IN 46580

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