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    102 W Main St Mentone, IN 46539

    For Sale
    $190,000

    Mixed Use - Mentone, IN

    Type:Mixed Use
    Lot size:
    0.15 Acres
    Days on Market:
    112
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 102 W Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    APN
    43-09-34-200-288.000-035
    Parking features
    Off Street, Paved or Surfaced
    Interior features
    Drywall, None
    Exterior features
    None
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Baseboard, Forced Air, Wall Furnace
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Floors in Building
    2
    Flooring type
    Carpet, Concrete, Tile
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    Center Appraisal Service (574) 267-3757

    Listing agent Matt Shively (574) 267-3757 License #RB19002167

    Listing date Aug 17, 2025

    MLS# 202432892 Listing URL

    Copyright © 2025 Kosciusko Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property with Postal Office

    This mixed-use property presents a unique opportunity with a United States Postal Office as a tenant since the 1960s. The USPS lease is transferable to a new owner. The property also includes a leased efficiency apartment and a leased 1-bedroom apartment. A new roof was installed in 2018. The second level offers over 4,000 square feet of space, presenting possibilities for multiple apartments or commercial spaces, subject to town or county approval. The property is situated on a lot of 0.15 acres in Mentone, Kosciusko County, IN. The property's current income, combined with the potential for development, makes it an attractive option for residential rental specialists who can rely on the postal service lease payments. The property is located at 102 W Main Street, Mentone, IN 46539.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    United States Postal ... Post Office Farmers State Bank Bank Clevenger Insurance Insurance Agency

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mentone
    County
    Kosciusko
    State
    Indiana
    Longitude
    -86.036549
    Latitude
    41.173524

    Nearby Similar for Sale

    • $215,000
      0.15 Acres

      Mentone Post Office Investment

      High-yield commercial property with upside.
      102 Main St, Mentone, IN 46539
      View Details

    FAQs

    What type of property is this?
    Post office - Property with USPS lease, apartments, and development potential.
    Where is this post office located?
    The property is located at 102 W Main St Mentone, IN.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: - Reliable USPS tenant with easily transferable lease.; - Substantial income potential from existing USPS lease, efficiency apartment, and 1-bedroom apartment.; - **Large, unfinished 4,000 sq ft second level offers development opportunities** (subject to approval).
    (574) 267-3757
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    102 W Main St Mentone, IN 46539
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