Building Details

Year built 1890

Flooring type Wood, Tile

Roof type Rubber

Listing Agency: Re/Max County Wide 1st · RE/MAX International d***@gmail.com Show Phone

Listed By: Dan Kelley · License #RB140228800 Show Phone

Added: Oct 6 Last Checked: Oct 7 at 12:06AM

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MLS# 202641450

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.

Built in 1890, this mixed-use property has a ground-floor retail area and space on the second floor for two apartments. The upper-level area requires renovation; permits and architectural and engineering reports are required. A basement is also present, and the interior includes wood and tile flooring beneath a rubber roof. The property occupies 0.08 acres at 125 E Michigan Street in New Carlisle. Its former bakery use is a potential fit for continued bakery operations or other retail activity. The main-level commercial space may also be leased.

Key Highlights

• Ground‑floor retail area with potential for bakery or other retail use
• Second‑floor space for 2 apartments; renovation needed
• Permits, architectural and engineering reports required for the upper‑level project

Property Analytics

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Current Use

New Age Baking ... Bakery RJ Clark Studio/Gallery Art Gallery

Suggested Use

Top Pick Dental Office HVAC Service Electrical Service Furniture & Home Goods Grocery & Convenience Store Hair 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.

Location Intelligence

Trade Area within ½ mile

155

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The ground-floor commercial area may be leased, with upper-level space available for a two-apartment renovation.

Where is this mixed-use property located?

The property is located at 125 E Michigan Street New Carlisle, IN.

What is the asking price?

The asking price for this property is $209,000.

What are key features of this property?

This property features: Ground‑floor retail area with potential for bakery or other retail use; Second‑floor space for 2 apartments; renovation needed; Permits, architectural and engineering reports required for the upper‑level project