SoldNov 3, 2025

Listed by Justin Lowe and Hector David Orton from Ellsbury Commerical Group

Bought with Alec Conner

Source: MIBOR Service Corporation #22047381

101 West Washington Street, Thorntown, IN, 46071

$545,000

10
3300 sq. ft.
9888 sq. ft.

MultiFam

•

30+ days on the market

Sold: Nov 3, 2025

What's around 101 West Washington Street

About this property

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

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