Thorntown, IN 46071,101 W Washington ST
Thorntown, IN 46071,101 W Washington ST
Thorntown, IN 46071,101 W Washington ST
Thorntown, IN 46071,101 W Washington ST
Thorntown, IN 46071,101 W Washington ST
Thorntown, IN 46071,101 W Washington ST
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Listed by Justin Lowe • Ellsbury Commerical Group

$545,000

$575,000

5.2%
Est.Price: ?

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Est. payment /mo

3,300 SqFt


SOLD DATE : 11/03/2025

Key Details

Sold Price $545,000

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $165

MLS Listing ID 22047381

Sold Date 11/03/25

Year Built 1972

Tax Year 2024

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Multi-Family 5+

Property Description

Ellsbury Group is excited to offer Thorntown Village Apartments, a compelling value-add investment opportunity located in the thriving Boone County, Indiana market. Boone County is experiencing robust market growth, evidenced by a 13% increase in median sales prices year-over-year. The multifamily rental market, especially in nearby areas like Zionsville, Whitestown, and Lebanon, shows strong demand and increasing rental rates. Currently, 2-bedroom apartments in the region command average rents of $1,135 - $2,695, signaling significant upside potential for this property. This opportunity is further bolstered by the LEAP Project, Indiana's ambitious initiative to become a leader in advanced industries. The LEAP Project, while large-scale, promises significant economic growth and job creation within Boone County, driving long-term demand for housing. To ensure minimal disruption for current tenants, property tours will be conducted once a month, with only one unit shown until the property is under contract. See Leap Lebanon

Location

State IN

County Boone

Zoning MultiFamily 4-19

Rooms

Basement Finished

Interior

Heating Electric, Baseboard

Cooling Wall Unit(s)

Fireplace N

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Building

Story One

Structure Type Brick

New Construction false

Schools

School District Western Boone Co Com Sch Dist

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MIBOR MLS
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