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$395,000
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Property Description
Looking for a commercial/mixed use investment property that generates passive income immediately!? Look no further than this once in a lifetime opportunity. Located in the heart of Rensselaer's bustling business district, this property features over 4800 square feet of completely renovated space. The lower level is a modern office space, complete with lobby and separate reception area, 6 private offices, 2 commercial restrooms, a large break room, and separate IT room. The upper level consists of a fully renovated 2 bedroom, 2 bath apartment with a stunning kitchen and open concept living area. This property is listed at a price that supports over 10 percent CAP RATE. Calling all investors to reach out for your personal showing!
Full Property Details
Full Property Details for 206 W Washington St
General
- Sold For: $395,000
- Taxes: $4,577 (2024)
- Status: Closed
- Type: Commercial
- Source: GNIAR
- MLS ID: 830662
- Added to Site: 129 day(s) ago
Interior
- Interior Features: Eat-in Kitchen, Kitchen Island, High Ceilings, Granite Counters
- Appliances: Dryer, Water Heater, Washer, Refrigerator, Range, Microwave, Dishwasher
Exterior
- Exterior Features: None
Parking
- Parking Features: On Street
Location
- County: Jasper
- Township: Marion
- Subdivision: Rensselaer
- Driving Directions: IN-14, South on US-23, turn onto E Washington Street, building located on the right about 4 blocks down.
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Square Feet: 4,846
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.079
- Lot Size (Sq. Ft.): 3,441
Financial Considerations
- Tax Amount: $4,577
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: OP W 21' 3" E 41' 3" W 87 1/2' LOTS 1, 2 & 3 BLK 4, .075A; OP PT LOTS 1, 2 & 3 BLK 4, .004A (SURVEY)
- Property ID: 370730004017123027
Listed by RE/MAX Executives
Sold by RE/MAX Lifestyles
Get Pre-Approved Today
Schools
Schools serving 206 W Washington St
School District:Rensselaer Central School Corporation
| Name | Grades | Distance |
|---|---|---|
Van Rensselaer Elementary School 902 East Washington Street, Rensselaer, IN 47978 | 3-5 | 0.7 mi |
Rensselaer Central Primary School 1144 North Melville Street, Rensselaer, IN 47978 | PK-4 | 1 mi |
Rensselaer Middle School 1106 Bomber Boulevard, Rensselaer, IN 47978 | 6-8 | 0.7 mi |
Rensselaer Central High School 1106 East Grace Street, Rensselaer, IN 47978 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 206 W Washington St
Date
Details
Price
Change
Source
3/13/2026
Sold
$395,000
-1%
MLS
11/11/2025
Listed
$399,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
206 W Washington Street, Rensselaer, IN 47978 (MLS# 830662) is a Commercial property that was sold at $395,000 on March 13, 2026. Want to learn more about 206 W Washington Street? Do you have questions about finding other Commercial real estate for sale in Rensselaer? You can browse all Rensselaer real estate or contact a Coldwell Banker agent to request more information.

