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    Spencer, IN Commercial Real Estate for Sale

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    Gosport, IN Freedom, IN Ellettsville, IN
    7 listings
    Downtown Spencer Commercial Property
    $339,900
    3,024 SF
    Downtown Spencer Commercial Property

    69 S Main Street, Spencer, IN 47460

    Commercial property with retail space and apartments in downtown Spencer.
    • Prime location on the west side of the Square in downtown Spencer.
    • 3024 sq ft of currently rented commercial space on the main level.
    • Two additional stories with currently rented apartments.
    • Separate entrance for apartments, distinct from the commercial space.
    • Building constructed with brick.
    Updated: Mar 24
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    Mixed-Use Portfolio with Church Facility
    $649,900
    0.40 Acres
    Mixed-Use Portfolio with Church Facility

    168 N Harrison Street, Spencer, IN 47460

    Three-property portfolio featuring a church, triplex, and single-family home.
    • Unique portfolio includes a church, triplex, and single‑family home, offering diverse income or usage options.
    • Church building available for separate purchase, ideal for owner‑users, nonprofits, or adaptive reuse.
    • Church features a sanctuary (seats 100), fellowship hall, and basement with rooms for classrooms/offices/storage.
    • Single‑family home includes four bedrooms, updated kitchen, remodeled bathroom, and new flooring on the main level.
    • Residential triplex provides three rental units (1BR, 2BR, 3BR) for immediate income potential.
    Updated: Jan 23
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    Land with Highway Frontage
    $259,900
    14.44 Acres
    Land with Highway Frontage

    14.44 acres with highway frontage near downtown Spencer, Indiana.

    1650 E State Road 46 Road, Spencer, IN 47460

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    Charming Office Space in Spencer
    $449,000
    0.13 Acres
    Charming Office Space in Spencer

    Office space with charm, hardwood floors, and exposed brick.

    23 S Main Street, Spencer, IN 47460

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    Land Parcel in Spencer, Indiana
    $90,000
    1.04 Acres
    Land Parcel in Spencer, Indiana

    1.042 acre parcel with utilities in Spencer, Indiana.

    00 Concord Road, Spencer, IN 47460

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    Development Land with Highway Frontage
    $259,900
    14.44 Acres
    Development Land with Highway Frontage

    Nearly 15 acres with 1,200 feet of State Highway 46 frontage, mixed open and wooded areas, and utility access via two wells and septic systems.

    1650 E State Road 46, Spencer, IN 47460

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    Commercial Land in Spencer, Indiana
    $499,900
    2.86 Acres
    Commercial Land in Spencer, Indiana

    2.861-acre commercial land available in Spencer, Indiana.

    2.861A W 46 Highway, Spencer, IN 47460

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 7 Active listings in Spencer, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Gosport Agricultural Land with Pond
    $991,900
    130.25 Acres
    Gosport Agricultural Land with Pond

    130+ acre property ideal for hunting, recreation, or farming.

    9010 N Texas Ridge Road, Gosport, IN 47433

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    Ellettsville Land For Sale
    $47,500
    0.20 Acres
    Ellettsville Land For Sale

    0.2 acre lot suitable for home or small office.

    909 W Temperance Street, Ellettsville, IN 47429

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    Ellettsville Commercial Lot For Sale
    $47,500
    0.20 Acres
    Ellettsville Commercial Lot For Sale

    0.2 acre commercial lot suitable for office or residential use.

    909 W Temperance Street, Ellettsville, IN 47429

    View details
    Restaurant and Storage Units For Sale
    $495,000
    5,933 SF
    Restaurant and Storage Units For Sale

    Restaurant with tap room and storage units for sale.

    18 N Fourth St, Gosport, IN 47433

    View details

    Off-Market Properties in Spencer, IN

    Consider similar Off-Market properties in Spencer, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    10 Main St
    COMMERCIAL (GENERAL)
    8,556 SF Lot: 0.17 Acres
    Estimated value
    $565,000

    10 Main St, Spencer, IN 47460-1730

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    10 Main St
    RETAIL STORES (PERSONAL SERVICES)
    1,400 SF Lot: 0.17 Acres
    Value Estimation by Request

    10 Main St, Spencer, IN 47460-1312

    View details
    330 Morgan St
    COMMERCIAL (GENERAL)
    2,210 SF Lot: 0.15 Acres
    Value Estimation by Request

    330 Morgan St, Spencer, IN 47460-1430

    View details
    180 Main St
    COMMERCIAL (GENERAL)
    10,474 SF Lot: 0.20 Acres
    Value Estimation by Request

    180 Main St, Spencer, IN 47460-1732

    View details
    709 Walnut St
    PARKING GARAGE, PARKING STRUCTURE
    Lot: 0.34 Acres
    Value Estimation by Request

    709 Walnut St, Spencer, IN 47460

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    25 Height St
    AUTO REPAIR, GARAGE
    1,920 SF Lot: 0.06 Acres
    Value Estimation by Request

    25 Height St, Spencer, IN 47460-1107

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    886 Franklin St
    VACANT COMMERCIAL LAND
    Lot: 3.61 Acres
    Value Estimation by Request

    886 Franklin St, Spencer, IN 47460-1156

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    46 Wayne St
    RETAIL STORES (PERSONAL SERVICES)
    396 SF Lot: 0.20 Acres
    Value Estimation by Request

    46 Wayne St, Spencer, IN 47460

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    23 Main St
    OFFICE (GENERAL)
    8,052 SF Lot: 0.13 Acres

    23 Main St, Spencer, IN 47460-1729

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    State Hwy 43
    SHOW ROOM, WAREHOUSE
    Lot: 2.71 Acres
    Value Estimation by Request

    State Hwy 43, Spencer, IN 47460

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    236 Morgan St
    OFFICE (GENERAL)
    396 SF Lot: 0.38 Acres
    Value Estimation by Request

    236 Morgan St, Spencer, IN 47460-1218

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    59 Main St
    RETAIL STORES (PERSONAL SERVICES)
    4,142 SF Lot: 0.06 Acres
    Value Estimation by Request

    59 Main St, Spencer, IN 47460-1729

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    659 State Hwy 46
    MINI-WAREHOUSE, STORAGE
    1,920 SF Lot: 0.35 Acres
    Value Estimation by Request

    659 State Hwy 46, Spencer, IN 47460

    View details
    2250 Wood Dr
    INDUSTRIAL (GENERAL)
    6,610 SF Lot: 2.00 Acres
    Value Estimation by Request

    2250 Wood Dr, Spencer, IN 47460-6853

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    640 Franklin St
    MANUFACTURING (LIGHT)
    47,020 SF Lot: 4.86 Acres
    Estimated value
    $705,000

    640 Franklin St, Spencer, IN 47460-1828

    View details
    Market St
    STORAGE YARD, OPEN STORAGE
    8,028 SF Lot: 13.73 Acres
    Value Estimation by Request

    Market St, Spencer, IN 47460

    View details
    Market St
    INDUSTRIAL - VACANT LAND
    Lot: 0.46 Acres
    Value Estimation by Request

    Market St, Spencer, IN 47460

    View details

    Spencer, IN Commercial Real Estate Investment Opportunities Market Analysis

    Explore 72 commercial real estate for sale in Spencer, IN, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 3,024 square feet of properties for sale, with an estimated market value of $339,900.

    Sale prices for business properties in Spencer, IN start at $339,900, averaging $339,900, and reaching up to $339,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 11K
    Population Growth (5Y) +4.4%
    Median Household Income $67,688
    College Educated 29.5%

    High-Yield Neighborhoods for Investment

    Identify Spencer submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    47460 $381.4K

    Taxes & Financing

    Tax Rate (average for all types) 1.89%
    Property Tax per SF $34.39 per SF
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Owen County

    New Delisted

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