111 W Hazel Street, Albion, IN

$539,000

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3

Beds

2

Baths

7,504

Square feet

0.40

Acres

About 111 W Hazel Street

Exceptional opportunity in the heart of downtown Albion! 111 W Hazel Street offers a unique combination of investment potential, commercial space, historic character, flexibility and residential income potential near the Noble County Courthouse and downtown businesses. The property features approximately 3,500 sq. ft. of commercial space currently configured with approximately 10 perimeter offices while maintaining a large central area. Retain the existing layout for professional, service or multi-office use, or explore opening the space for retail, showroom, studio, event, training or other concepts. Existing restrooms can remain in place, and structural character above the drop ceiling may offer additional design possibilities. A standout feature is the beautifully renovated upper-level apartment, creating the opportunity to combine business and residential uses under one roof. Utilize it for owner occupancy, employee/manager housing or potential rental income. Located within Albion's Courthouse Square area, this property offers the character and setting of an established historic downtown. Historical research indicates development along W Hazel Street dating into the 1800s, with available mapping suggesting the present building configuration developed during the early 20th century. The property also has historical ties to the Albion Eagles/Fraternal Order of Eagles Aerie #2455. Whether you're an owner-user, investor, entrepreneur or developer, this property offers multiple paths forward. Use the existing offices, create a more open concept, combine commercial and residential income, or bring your own adaptive-reuse vision. A rare opportunity to acquire substantial downtown square footage, a renovated apartment, established infrastructure and historic character in one versatile property.

Features of 111 W Hazel Street

MLS® # 202635230
Price $539,000
Bedrooms 3
Bathrooms 2.00
Full Baths 2
Square Footage 7,504
Acres 0.40
Year Built 1920
Type Multifamily
Sub-Type Other
Status Active

Community Information

Address 111 W Hazel Street
Subdivision None
City Albion
County Noble County
State IN
Zip Code 46701

Amenities

Features Ceiling Fan, Fenced Yard, Off Street Parking
Parking Spaces 27
Parking Off Street
Is Waterfront No
Has Pool No

Interior

Interior Carpet
Heating Gas, Forced Air
Cooling Central Air
# of Stories 2
Stories Two Story
Has Basement No
Basement None, Outside Entrance

Exterior

Exterior Brick
Lot Description Historic Designation
Roof Rubber
Construction No

School Information

District Central Noble Community
Elementary Central Noble
Middle Central Noble Jr/Sr
High Central Noble Jr/Sr

Additional Information

Days on Market 16
Foreclosure No
RE / Bank Owned No
HOA Fees Freq. Not Applicable

Listing Details

AgentVincent Crump
OfficeHosler Realty Inc
Contact InfoOff: 260-347-1158

Listing Map

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