Spencer, IN Commercial Real Estate for Sale

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14 properties
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Storefront with Front Canopy
Updated: Oct 16
Storefront with Front Canopy

46 E wayne Street, Spencer, IN 47460

$139,000
0.20 AC lot
396‑square‑foot building leased to a hair salon
Open main room and 8' x 6' bathroom
16' x 16' front canopy
Separate rented mobile home site; the privately owned home is excluded from the sale
0.2‑acre corner lot with off‑street parking
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Agricultural Land with Ponds
Updated: Jul 14
Agricultural Land with Ponds

01 Braysville Road, Spencer, IN 47460

$549,900
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
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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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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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Agricultural Land with Barn
Agricultural Land with Barn

537 Pea Ridge Road, Spencer, IN 47460

$200,000
10.20 AC lot

Two parcels include a barn, well service and a functioning septic system.

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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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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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Corner Retail Storefront
Corner Retail Storefront

46 E Wayne St, Spencer, IN 47460

$139,000
396 sqft

The leased space is configured for a hair salon and includes a separate rented mobile home site.

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Highway-Access Commercial Land
Highway-Access Commercial Land

2 Lots Morgan Street, Spencer, IN 47460

$295,000
0.40 AC lot

Commercial land with highway exposure and nearby access to water, sewer, natural gas, and electric service.

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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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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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Updated Day Care Center
Updated Day Care Center

911 Hillside Avenue, Spencer, IN 47460

$610,000

ADA-compliant commercial building with offices, classroom-scale meeting rooms, and a flexible interior layout.

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Agricultural Land with Barn
Agricultural Land with Barn

537 Pea Ridge Rd, Spencer, IN 47460

$200,000
444,312 sqft

Two parcels include a barn, a well connected to the structure, and a functioning septic system.

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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 14 Active listings in Spencer, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 58 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.

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)

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

Spencer, IN Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Spencer, IN, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 460,248 square feet of properties for sale, with an estimated market value of $3,935,700.

Sale prices for business properties in Spencer, IN start at $57,500, averaging $281,121, and reaching up to $610,000 — 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 $330.8K

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%

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