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Endless possibilities await! This versatile 4,550-square-foot commercial building is currently used for storage but was previously operated as a successful ballroom and event center. Designed with flexibility in mind, the spacious interior can function as one large gathering space or be divided into three separate sections, each with its own thermostat for individual climate control. The property features a full bar and kitchen area, stage, multiple men's and women's restrooms conveniently located in two separate areas, and a large parking lot to accommodate guests with ease. Whether you're looking to reopen an event venue, host wedding receptions, holiday parties, reunions, banquets, community events, or convert the space for another commercial use, this property offers incredible potential.

Highlights

  • Commercial Sale
  • Built in 1973
  • 0.6 Acre Lot
  • 106 days on Market

  • Year Built
    1973
  • Stories
    1.0
  • Parking Features
    Parking Lot, Unpaved

  • Acres
    0.6
  • Lot Features
    Corner Lot
  • Utilities
    Sewer Available, Electricity Available, Water Available, Natural Gas Available

  • Area
    460 - Crawford County
  • County
    Crawford
  • City
    Arma
  • Zip Code
    66712

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Frequently Asked Questions

How do I schedule a tour of 402 E Washington St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 402 E Washington St.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 402 E Washington St?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $135,000. We can talk through recent upgrades, potential seller motivation, how this commercial sale compares to others in Arma, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 402 E Washington St?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 402 E Washington St at around $877. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 402 E Washington St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Crawford County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 402 E Washington St?

In most cases, yes. Whether 402 E Washington St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Arma's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 402 E Washington St?

We can handle that for you. Our preferred local agent specializes in commercial sales in Arma and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $135,000 with 4,550 sqft of space—that comes out to approximately $30 per square foot.

How long has this property been on the market?

402 E Washington St was listed on July 29, 2026, which means it's been on the market for 106 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1973, making it approximately 53 years old.

What is the lot size of this property?

402 E Washington St sits on a 0.6-acre lot, which is 26,136 square feet.

What are the property taxes for 402 E Washington St?

The most recent public record shows annual property taxes for 402 E Washington St were approximately $1,306. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 402 E Washington St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information submitted to the MLS GRID as of November 12, 2026 at 05:17PM. 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.

Copyright 2026, Heartland MLS. All rights reserved.

Last Updated: November 12, 2026 at 05:17PM | Source: Heartland MLS | MLS#: 2634154