Steeped in post-Civil War grandeur and offering a massive footprint for adaptive reuse, this monumental 3,161-square-foot historic estate at 1012 E Broadway St is a standout landmark within Cass County.
Constructed in 1885, this soaring two-story Gilded Age traditional manor features four bedrooms, three bathrooms (two full baths, one guest half-bath), and an entirely separate, professionally finished two-story original carriage barn outbuilding, all situated on a prominent 7,840-square-foot town lot inside the vibrant Midtown Neighborhood.
Arriving on the market at an incredibly aggressive baseline of $129,000 to account for its direct “as-is” transition status, this property represents an unparalleled investment engine. Previously operating as an income-generating duplex, the estate’s open clear-span construction allows for an easy, seamless reversion back into a grand single-family luxury mansion, a live-work corporate headquarters, or an income-multiplying multi-unit rental portfolio.
🏛️ The Main Manor Geometry & Adaptive Layout
The home’s expansive multi-level layout features great spatial flexibility, optimized to accommodate large households, corporate workspaces, or multiple rental streams:
The Ground Floor Living Volume: Anchored by grand social rooms with 12-foot ceilings, this tier hosts a formal front parlor, a massive dining hall track, and flexible kitchen/utility nodes. The layout can easily form a sprawling open-concept residential core or upscale commercial office bays.
The Upper Residential Tier: The open staircase winds to the secondary story, which contains four true, generously proportioned bedrooms. These chambers feature high vertical clearances, deep pre-war window installations framing views over the neighborhood canopy, and excellent closet/wardrobe storage capacity.
The Multi-Unit Infrastructure: Fully outfitted with two full bathrooms and a main-tier guest powder room, the structural plumbing grid is already split to handle separate-level multi-family living or guest lodging without major structural modification.
🐎 The Two-Story Finished Carriage Barn Multiplier
The definitive standout feature of this 1012 E Broadway St estate is the standalone historic carriage barn on the rear grounds, offering an completely independent real estate asset class:
The Commercial Ground Level: Thoughtfully finished on the interior, the main floor previously operated as a successful commercial beauty salon shop. Heated and fully conditioned, this clean-span space is a dream setup for a remote business owner, an upscale hair studio, a digital media production office, or an elite detached workshop.
The Plumbed Upper Penthouse: The second floor of the carriage barn stands as a pristine blank canvas. Already pre-plumbed for a full kitchen and a full bathroom, this upper tier is perfectly positioned to be finished out as a luxury guest house apartment, an independent Airbnb unit, or a high-end executive studio lounge to generate significant auxiliary income.
📋 Property Specifications
💰 Price: $129,000 (A highly protective asset acquisition value)
📍 Address: 1012 E Broadway St, Logansport, IN 46947 (Midtown Historic Pocket)
📐 Main Manor Interior Size: 3,161 finished above-grade sqft (Two grand finished stories)
🏢 Carriage Barn Size: Sizable multi-level detached outbuilding with a finished commercial lower tier
🌳 Lot Size: 7,840 sqft (0.18 Acres / Level city parcel with private rear grounds)
🛏️ Bedrooms: 4 (Oversized, light-filled chambers safely arranged across the upper tier)
🛁 Bathrooms: 3 Baths total (2 Full bathrooms, 1 convenient guest half-bath)
🏗️ Year Built: 1885 (High Victorian / Gilded Age Craftsmanship)
🛠️ Property Status: Value-Add Restoration Project / Duplex-to-Single-Family Adaptability (Sold strictly as-is)
🪵 Irreplaceable Assets: 12-foot ceilings, original open staircase, native hardwoods, and unpainted natural woodwork trim
🚀 Infrastructure Bonus: Detached carriage barn upper level is pre-plumbed for a full secondary kitchen and bath lines
🔍 Key Features & Preservation Value Points Explained
🏛️ Mind-Boggling Financial Runway at ~ $40 Per Square Foot: Securing a structurally sound, 3,100+ square foot Gilded Age mansion plus a separate finished multi-level carriage barn for $129,000 represents an extraordinary real estate anomaly on the national stage. The record-low entry cost virtually ties your purchase price to the raw square-footage value, leaving an immense budget runway to execute top-tier modernization while instantly capturing deep equity.
💼 Ready-Made Commercial Live-Work Flexibility: Sourcing an in-town historic asset that features a pre-zoned or commercially viable detached outbuilding is an incredible luxury. The pre-finished salon space let you run a high-traffic consumer business, professional firm, or creative studio right from your backyard without ever encroaching on the privacy of the main family residence.
🚀 Turnkey Secondary-Unit Rental Income Potential: Because the upper tier of the carriage barn is already plumbed for full utility hookups, the expensive groundwork for an accessory dwelling unit (ADU) is fully executed. Finishing this space out creates a highly resilient secondary cash-flow stream to completely wipe out your monthly carrying overhead.
🪵 Massive Cavernous Historic Volume: The presence of true 12-foot ceilings combined with original open staircase joinery and native woodwork creates an unmistakable sense of historical prestige. These architectural elements deliver a theatrical, light-filled environment that modern production subdivisions cannot replicate today.
📍 Strategic North-Central Indiana Commuter Gateway: Located in the heart of Logansport’s Midtown neighborhood, residents enjoy an incredibly practical, highly walkable urban lifestyle. The property sits just steps from downtown shopping plazas, independent dining lines, community parks, and local schools. Enjoy rapid driving transit links to U.S. Route 24, U.S. Route 35, and State Road 25 (Hoosier Heartland Highway) for a streamlined, direct 40-minute commuter loop straight into Lafayette, Kokomo, or the nearby Purdue University research networks.
Zillow link https://www.zillow.com/homedetails/1012-E-Broadway-St-Logansport-IN-46947/85138757_zpid/