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    118 S Walnut St Ridgeville, IN 47380

    For Sale
    $115,000

    Apartment Building, Traditional - Ridgeville, IN

    Property size:
    6,142 SF
    Lot size:
    0.13 Acres
    Days on Market:
    117
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 118 S Walnut St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Laundry
    Bedrooms
    7
    Bathrooms
    5
    APN
    68-05-12-279-072.000-002
    Parking features
    Off Street
    EntryLevel
    Upper,Main
    Exterior features
    Basement, Ceiling Fan, Countertops-laminate, Sump Pump, None
    Size
    6,142 SF
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Multi Units

    Building Details

    Floors in Building
    2
    Number of units
    5
    Flooring type
    Concrete, Laminate, Vinyl
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    New Traditional

    David M Tarter (765) 595-8155 [email protected]

    Listing agent Jill Friend (765) 595-8155 License #RB23001467

    Listing date Aug 19, 2025

    MLS# 202533096 Listing URL

    Copyright © 2025 Mid-Eastern Indiana Association of Realtor 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

    Ridgeville Multi-Unit Building with Retail

    Located in downtown Ridgeville, this property presents an investor's opportunity. The building includes two newly renovated apartments, each featuring two bedrooms and one bathroom. Both apartments are currently rented, one for $550 per month and the other for $600 per month. Each unit is equipped with laundry hookups and new electric furnaces; leases are available. The main level features a former retail space with a working restroom, along with a three-bedroom, one-and-a-half-bathroom apartment that requires renovation. The upper level offers over 2,000 square feet of storage space with potential for further development. The property is situated on a 0.13-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Wholesale Shop Department Store Convenience Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Ridgeville
    County
    Randolph
    State
    Indiana
    Longitude
    -85.029403
    Latitude
    40.288458

    Nearby Similar for Sale

    • $115,000
      0.13 Acres

      Ridgeville Mixed-Use Investment Opportunity

      Mixed-use building with rental income potential in downtown Ridgeville.
      118 S Walnut St, Ridgeville, IN 47380
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multi-unit building with retail space and income potential.
    Where is this apartment building located?
    The property is located at 118 S Walnut St Ridgeville, IN.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: - Income-producing property with two rented, renovated 2BR apartments.; - Potential for increased income through renovation of the 3BR apartment.; - Includes a former retail space with restroom, offering business opportunities.
    (765) 595-8155
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    Ridgeville, IN 47380
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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
    118 S Walnut St Ridgeville, IN 47380
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