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    118 S Walnut St Ridgeville, IN 47380

    For Sale
    $115,000

    Mixed Use - Ridgeville, IN

    Type:Mixed Use
    Lot size:
    0.13 Acres
    Days on Market:
    109
    Last Refresh:
    Dec 5 at 7:06 pm

    Property Features for 118 S Walnut St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    68-05-12-279-072.000-002
    Parking features
    Off Street
    Interior features
    Concrete, Drywall, Unfinished, Living Space, Basement, Office Space
    Exterior features
    Living Space, Basement, Office Space
    Lot size
    0.13 Acres

    Utilities

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

    Building Details

    Year built
    1909
    Floors in Building
    2
    Flooring type
    Concrete, Laminate, Vinyl
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

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

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

    Listing date Aug 19, 2025

    MLS# 202533100 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 Mixed-Use Investment Opportunity

    This mixed-use building is located in downtown Ridgeville. It features two newly renovated 2-bedroom, 1-bathroom apartments, each equipped with laundry hookups and new electric furnaces. The apartments are currently rented for $550 and $600 per month, with leases available. The main level includes a former retail space with a working restroom and a 3-bedroom, 1.5-bathroom apartment that requires renovation. The upstairs area 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

    Mixed-use properties

    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
      6,142 SF

      Ridgeville Multi-Unit Building with Retail

      Multi-unit building with retail space and income potential.
      118 S Walnut St, Ridgeville, IN 47380
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with rental income potential in downtown Ridgeville.
    Where is this mixed-use property 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 newly renovated, currently rented apartments.; - Downtown Ridgeville location.; - Each apartment has laundry hookups and new electric furnaces.
    (765) 595-8155
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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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