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601 S Heaton St #35, Knox, IN, 46534

2beds
2baths
1,250sqft
$359,900
$288price/sqft
$2,443/moest. monthly cost
$97,720/yrincome needed

About This Home

THIS IMPRESSIVE BRICK COMMERCIAL /INVESTMENT BUILDING OFFERS UNIQUE OPPORTUNITY FOR BUSINESSES...seeking a professional space with ample amenities! ***SELLER FINANCING OR LEASE TO QUALIFIED PARTY!.***Located on BUSY US 35! Ideal for office use and offers additional income in a seperate rental building. COULD BE 3 SEPARATE RENTALS-OFFICE SPACE, STUDIO APT AND 2 BDRM APT. Main building currently used as real estate office. Includes 3 privates offices, reception area, secretary workspace, conference room with kitchenette, 2 restrooms, misc open spaces and ample storage spaces. Included is lighted exterior pole sign frame with message board. 10 paved parking spaces. Both buildings have new shingles and are well maintained. (Property is broker owned.) Don't miss this exceptional opportunity to own a versatile commercial property in a prime location! Serious QUALIFIED inquiries only! ***LEASE TERMS AVAILABLE TO QUALIFIED PARTY***

Getting Around

67
WalkingSomewhat Walkable
0
TransitVery Limited Transit
48
BikeSomewhat Bikeable

Schools

5/10
5/10

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Basement
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Partial

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Ceiling Fan(s),Vaulted Ceiling(s)
  • Flooring: Carpet,Ceramic Tile,Vinyl Tile
  • Finished area below ground: 0
  • Finished area above ground: 1,250

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,874
  • Total interior livable area: 1,250 sqft

Property

Details

  • Parcel number: 750622402152.000004

Features

  • Levels: One and One Half
  • Stories: 1

Lot

  • Lot size: 8,712 sqft
  • Features: Corner Lot,City/Town/Suburb
  • Lot size dimensions: 66x131

Parking

  • Total spaces: 10
  • Parking features: Paved

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Tornado
Lightning
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,819$21,828
Home Insurance *$246$2,952
Property Taxes $194$2,328
Electricity $184$2,212
Total$2,443$29,316
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$83,760/yr
40% on housing$73,290/yr
45% on housing$65,146/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.6%
8.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 4.8%
4.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$288This listing

vs Other Active Listings

Avg $/sqft

ZIP 46534$134
Starke County$112

vs Homes Sold Last Month

Median $/sqft

ZIP 46534
Starke County$153

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-13Price change$359,900
2026-03-16Price change$364,900
2025-10-16Price change$369,900
2025-07-18Listed for sale$375,000

For Sale by Agent

AgentVicki Simoni
BrokeragePREFERRED GROUP REALTORS

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