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Two-Story Mixed-Use Property
New
For Sale
$539,000

111 W Hazel Street, Albion, IN 46701

INVESTMENT, Two Story, Albion, IN

Property Size7,504 SF
Lot Size0.40 Acres
Price / SF$71.83
Days on Market3

Property Features for 111 W Hazel Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description Courthouse Square Zoning
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Parking 27
Parking features Off Street
Lot features City/ Town/ Suburb, Historic Designation
Elementary school Central Noble
Middle school Central Noble Jr/Sr
High school Central Noble Jr/Sr
Elementary school district Central Noble Community
Middle school district Central Noble Community
High school district Central Noble Community
Directions SR 9 to Hazel Street. Turn West onto Hazel, property will be on the right hand side. Across the alley from the post office.
Subdivision Noble County
Standard status Active
APN 57-13-24-100-030.000-002
Size 7,504 SF
Lot size 0.40 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description Op Lot 111 Op Lot 104 (100-021)
Legal Description Op Lot 111 Op Lot 104 (100-021)

Utilities

Cooling system Central Air

Building Details

Year built 1920
Floors in Building 2
Number of units 1
Flooring type Carpet
Roof type Rubber
Architectural style Other
Listing Agency: Hosler Realty Inc
Listed By: Vincent Crump · License #RB17001221
Added: Aug 26 Changed: Aug 27 Last Checked: Aug 28 at 5:06PM
MLS# 202635230

Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-story mixed-use property contains 7,504 square feet on a 0.4-acre parcel. The commercial portion measures approximately 3,500 square feet and includes about 10 perimeter offices surrounding a larger central area. The building also includes restrooms, carpeted flooring, central air, a rubber roof, and off-street parking.

A renovated apartment occupies the upper level, with three bedrooms and two bathrooms. The layout allows commercial and residential components to function within the same building while retaining the existing office configuration or adapting the central area for another commercial arrangement.

Built in 1920, the property is located at 111 W Hazel Street in Albion’s downtown Courthouse Square area, near the Noble County Courthouse and downtown businesses.

Key Highlights

  • 7,504‑square‑foot mixed‑use property on 0.4 acres
  • Approximately 3,500 square feet of commercial space
  • Commercial area configured with approximately 10 perimeter offices and a central area

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop HVAC Service Auto Parts Store Dental Office Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

186
Businesses Nearby

Demographics for 46701, IN

7,687
Population
3,386
Households
2.3
Avg Household Size
43
Median Age
27%
College-Educated
93%
High-School Grad
96.8 sq mi
ZIP Area
79
Density / Sq Mi
$76,813
Median Household Income
$45,847
Median Earnings
$835
Median Rent
$194,300
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial space and a renovated upper-level apartment support combined business and residential use.
Where is this mixed-use property located?
The property is located at 111 W Hazel Street Albion, IN.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: 7,504‑square‑foot mixed‑use property on 0.4 acres; Approximately 3,500 square feet of commercial space; Commercial area configured with approximately 10 perimeter offices and a central area
More about this property
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