Bank Building with
For Sale
$475,000
118 E Michigan Street, New Carlisle, IN 46552
COMMERCIAL, New Carlisle, IN
Property SizeContact for details
Lot Size0.28 Acres
Days on Market1400
Property Features for 118 E Michigan Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
Off Street
Lot features
City, Commercial
Directions
US 20 West become Michigan St in New Carlisle.
Subdivision
St. Joseph County
Standard status
Active
APN
71-01-34-235-007.000-018
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2021
Tax Description
32' E Side Lot 21 & W 1/2 Vac Alley E & Adj O P New Carlisle
Tax Annual Amount
5500
Legal Description
32' E Side Lot 21 & W 1/2 Vac Alley E & Adj O P New Carlisle
Utilities
Cooling system
Multi Units, Central Air
Amenities
high decorative ceilings
pristine vault
Building Details
Year built
1900
Flooring type
Vinyl, Slate, Carpet
Roof type
Rubber
Listing Agency:
Re/Max County Wide 1st · RE/MAX International
(574) 273-9547
Listed By:
Kim Huston · License #RB14023503
(574) 532-2128
Added: Nov 11, 2022
Changed: Aug 19
Last Checked: Sep 11 at 6:06PM
MLS# 202246456
Copyright © 2026 Greater South Bend-Mishawaka Association of Realtors. 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 former bank building offers a main level with at least five room or workspace areas, a front lobby with a substantial counter, decorative ceilings, and a vault. The drive-through window accommodates two customers. Flooring includes vinyl, slate, and carpet, while cooling is provided by central air and multiple units. The property also includes off-street parking, a rubber roof, and a basement.
An unfinished second floor adds more than 1,900 square feet of open space beneath high ceilings. The upper level is positioned for additional business, studio apartment, fitness, or storage use as described in the property information. Built in 1900, the building occupies a 0.28-acre site at 118 E Michigan Street in New Carlisle, within the community’s business, restaurant, and storefront district. The setting is described as receiving US Highway vehicle and pedestrian traffic.
An unfinished second floor adds more than 1,900 square feet of open space beneath high ceilings. The upper level is positioned for additional business, studio apartment, fitness, or storage use as described in the property information. Built in 1900, the building occupies a 0.28-acre site at 118 E Michigan Street in New Carlisle, within the community’s business, restaurant, and storefront district. The setting is described as receiving US Highway vehicle and pedestrian traffic.
Key Highlights
- Former bank building with a preserved vault and front lobby counter
- Drive‑through window designed to serve 2 customers
- Unfinished second floor offers over 1,900 sq ft of open space
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
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Business Placement
Demographics for 46552, IN
6,478
Population
2,981
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
94%
High-School Grad
63.9 sq mi
ZIP Area
101
Density / Sq Mi
$79,464
Median Household Income
$53,849
Median Earnings
$811
Median Rent
$211,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Bank - Former bank facility with adaptable rooms, a customer drive-through, and unfinished upper-level space in a downtown commercial district.
Where is this bank located?
The property is located at 118 E Michigan Street New Carlisle, IN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Former bank building with a preserved vault and front lobby counter; Drive‑through window designed to serve 2 customers; Unfinished second floor offers over 1,900 sq ft of open space
