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$545,000
3,300
square ft

101 W Washington Street
Thorntown, Indiana 46071

Closed / MLS #22047381 / Commercial / Mixed Use / Thorntown
Listing information updated 11/6/2025 at 2:46pm
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
Lot Size:
0.23 Acres
Acreage:
0.23
Built:
1972
Cooling System:
Wall Unit(s)
Current Use:
Apt<20
Potential Use:
Apt<20
Zoning:
MultiFamily 4-19
Building Square Feet:
3,300
Current Net Income:
$34,102
Tax Amount:
N/A
Tax Year:
2024
Zip Code:
46071
City:
Thorntown
County:
Boone

Listing Office: Ellsbury Commerical Group

Listing Office Phone: 219.200.5133

Disclaimer: The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/6/2025 at 2:46pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

$359,514
Average Sale Price
142
Average Days On The Market
92%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 101 W Washington Street, Thorntown, IN 46071

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101 W Washington Street, Thorntown, IN 46071 is a commercial / mixed use which sold for $545,000. This commercial / mixed use has been listed on @properties IND since June 25th, 2025 and was built in 1972.