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    Spencer, IN

    Spencer, IN Commercial Real Estate for Sale

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    12 properties
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    Agricultural Land with Ponds
    Updated: Jul 14
    Agricultural Land with Ponds

    01 Braysville Road, Spencer, IN 47460

    $615,000
    70.18 AC lot
    70.18 acres of agricultural and recreational land
    Two ponds located on the property
    Wooded acreage with recently appraised timber
    Located on Braysville Road in Clay Township
    Minutes from historic downtown Spencer
    View details
    Mixed-Use Building with Apartments
    Updated: Mar 24
    Mixed-Use Building with Apartments

    69 S Main Street, Spencer, IN 47460

    $339,900
    0.07 AC lot
    3,024 SF commercial main level is currently rented
    Two rented apartments occupy the second and third stories
    Separate residential entry with a wide stairwell
    Front picture window and glass door serve the commercial space
    Rear double doors support delivery of materials or equipment
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    Industrial Land Near Retail Anchors
    Industrial Land Near Retail Anchors

    1.54 ac 5th Avenue, Spencer, IN 47460

    $57,500
    1.54 AC lot

    A commercial parcel on 5th Avenue with public sewer and established retail neighbors.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Multi-Office Building with Character
    Multi-Office Building with Character

    23 S Main St, Spencer, IN 47460

    $449,000
    8,052 sqft

    Distinctive interior features include hardwood flooring, exposed brick, tin ceilings, and flexible support areas.

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    Office Units with Conference Rooms
    Office Units with Conference Rooms

    23 S Main Street, Spencer, IN 47460

    $449,000
    0.13 AC lot

    Character-rich office property with multiple work areas, support spaces, and distinctive period finishes.

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    Land Parcel in Spencer, Indiana
    Land Parcel in Spencer, Indiana

    Concord Road, Spencer, IN 47460

    $90,000
    1.04 AC lot

    1.042 acre parcel with utilities in Spencer, Indiana.

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    Wooded Land with Highway Access
    Wooded Land with Highway Access

    1650 E State Road 46, Spencer, IN 47460

    $259,900
    14.44 AC lot

    Open and wooded acreage supports residential, recreational, or small commercial development concepts.

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    GPS-Friendly Specialty Property
    GPS-Friendly Specialty Property

    69 S Main St, Spencer, IN 47460

    $339,900
    7,488 sqft

    Specialty property offered for sale at 69 S Main Street with GPS-friendly directions in Owen County.

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    Commercial Land with BLM1 Zoning
    Commercial Land with BLM1 Zoning

    1.54 Acres Street, Spencer, IN 47460

    $57,500
    1.54 AC lot

    BLM1-zoned parcel adjacent to Wendy's and O'Reilly Auto Parts in Spencer.

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    Corner-Lot Commercial Land with Utilities
    Corner-Lot Commercial Land with Utilities

    470 W Morgan Street, Spencer, IN 47460

    $225,000

    Fully improved corner parcel with water, sewer, and electrical service on site.

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    Agricultural Land with Two Ponds
    Agricultural Land with Two Ponds

    01 Braysville Rd, Spencer, IN 47460

    $615,000

    Agricultural acreage with wooded areas, two ponds, and established recreational hunting use.

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    Historic General Store
    Historic General Store

    2799 Cataract Road, Spencer, IN 47460

    $190,000

    C01-zoned commercial property with a distinctive general-store identity and established community presence.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 12 Active listings in Spencer, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 60 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.

    Agricultural Property with Livestock Pens
    Agricultural Property with Livestock Pens

    9646 W Hedrick Rd, Gosport, IN 47433

    $699,000
    19,712 sqft

    Existing interior areas include a cafeteria, office, auction space, and penning area within a substantial agricultural facility.

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    Flex Building with Metal Roof
    Flex Building with Metal Roof

    9646 W Hedrick Road, Gosport, IN 47433

    $699,000
    2.75 AC lot

    Versatile commercial building with office, cafeteria, auction, and penning areas on a sizable parcel.

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    Ellettsville Land For Sale
    Ellettsville Land For Sale

    Walker Lane, Ellettsville, IN 47429

    $627,500
    48.61 AC lot

    48.607 acres of wooded land in Monroe County.

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    Corner Commercial Land Lot
    Corner Commercial Land Lot

    909 W Temperance Street, Ellettsville, IN 47429

    $47,500
    0.20 AC lot

    A 0.2-acre corner lot in Ellettsville suitable for a small office or residential development.

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    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)

    10 Main St, Spencer, IN 47460-1730

    Estimated value:
    $275,000
    8,556 sqft 0.17 AC lot
    View details
    10 Main St
    RETAIL STORES (PERSONAL SERVICES)

    10 Main St, Spencer, IN 47460-1312

    Estimated value:
    $245,000
    1,400 sqft 0.17 AC lot
    View details
    330 Morgan St
    COMMERCIAL (GENERAL)

    330 Morgan St, Spencer, IN 47460-1430

    Estimated value:
    $175,000
    2,210 sqft 0.15 AC lot
    View details
    180 Main St
    COMMERCIAL (GENERAL)

    180 Main St, Spencer, IN 47460-1732

    Estimated value:
    $240,000
    10,474 sqft 0.20 AC lot
    View details
    709 Walnut St
    PARKING GARAGE, PARKING STRUCTURE

    709 Walnut St, Spencer, IN 47460

    Estimated value:
    $250,000
    0.34 AC lot
    View details
    25 Height St
    AUTO REPAIR, GARAGE

    25 Height St, Spencer, IN 47460-1107

    Estimated value:
    $190,000
    1,920 sqft 0.06 AC lot
    View details
    886 Franklin St
    VACANT COMMERCIAL LAND

    886 Franklin St, Spencer, IN 47460-1156

    Estimated value:
    $260,000
    3.61 AC lot
    View details
    46 Wayne St
    RETAIL STORES (PERSONAL SERVICES)

    46 Wayne St, Spencer, IN 47460

    Estimated value:
    $155,000
    396 sqft 0.20 AC lot
    View details
    23 Main St
    OFFICE (GENERAL)

    23 Main St, Spencer, IN 47460-1729

    Estimated value:
    $250,000
    8,052 sqft 0.13 AC lot
    View details
    State Hwy 43
    SHOW ROOM, WAREHOUSE

    State Hwy 43, Spencer, IN 47460

    Estimated value:
    $255,000
    2.71 AC lot
    View details
    236 Morgan St
    OFFICE (GENERAL)

    236 Morgan St, Spencer, IN 47460-1218

    Estimated value:
    $235,000
    396 sqft 0.38 AC lot
    View details
    59 Main St
    RETAIL STORES (PERSONAL SERVICES)

    59 Main St, Spencer, IN 47460-1729

    Estimated value:
    $260,000
    4,142 sqft 0.06 AC lot
    View details

    Spencer, IN Commercial Real Estate Market Trends and Statistics

    Explore 72 commercial real estate for sale in Spencer, IN, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 15,540 square feet of properties for sale, with an estimated market value of $3,687,700.

    Sale prices for business properties in Spencer, IN start at $57,500, averaging $307,308, and reaching up to $615,000 — 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 $358.1K

    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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