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    127 S Main St Spencer, IN 47460

    For Sale
    $294,900

    Vacant,Other, Special Purpose - Spencer, IN

    Lot size:
    0.10 Acres
    Days on Market:
    36
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 127 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Office
    Bathrooms
    1
    APN
    60-10-20-400-400.595-028
    Interior features
    Drywall, 220 Volts, Overhead Door 1
    Exterior features
    220 Volts, Overhead Door 1
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1975
    Floors in Building
    1
    Flooring type
    Concrete, Tile, Tile - Ceramic
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    FC Tucker/Bloomington REALTORS (812) 336-7300 [email protected]

    Listing agent Chris Cockerham (812) 336-7300 License #RB14027897

    Listing date Oct 31, 2025

    MLS# 202508617 Listing URL

    Copyright © 2025 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Space Near Downtown Spencer

    Located a short walk from Spencer’s historic downtown square, this commercial space offers approximately 4,600 square feet of space, suitable for food production, commissary, or specialty retail use. The building includes a 12-foot garage door and a 10-foot clear ceiling height. The flexible, open layout supports a variety of production and retail configurations. The property offers visibility, accessibility, and utility. It is located in Spencer, Indiana, and has annual real estate taxes of $2,792. The property may suit owner-users or investors looking to enter Spencer’s commercial market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Owen
    State
    Indiana
    Longitude
    -86.762911
    Latitude
    39.284755

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    FAQs

    What type of property is this?
    Retail space - 4,600 SF commercial space ideal for food production/retail.
    Where is this retail space located?
    The property is located at 127 S Main St Spencer, IN.
    What is the asking price?
    The asking price for this property is $294,900.
    What are key features of this property?
    This property features: - ±4,600 SF commercial space ideal for food production, commissary, or specialty retail.; - Located a short walk from Spencer’s historic downtown square.; - Features a 12-foot garage door and 10-foot clear ceiling height.
    (812) 336-7300
    Request Owner's contact information
    127 S Main St Spencer, IN 47460
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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
    127 S Main St Spencer, IN 47460
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