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    23 S Main St Spencer, IN 47460

    For Sale
    $449,000

    Office, Professional - Spencer, IN

    Type:Office
    Lot size:
    0.13 Acres
    Days on Market:
    204
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 23 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Office
    Bathrooms
    3
    APN
    60-10-20-400-400.606-028
    Interior features
    Drywall, Other, Drapes, Office Space, Security Fence
    Exterior features
    Drapes, Office Space, Security Fence
    Fencing
    Fenced
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Tile - Ceramic, Wood
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    West & Co Realtors (812) 828-0285 [email protected]

    Listing agent Rene West (812) 828-0285 License #RB14022952

    Listing date May 16, 2025

    MLS# 202503382 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

    Charming Office Space in Spencer

    This office space, located on the west side of the square in Spencer, Indiana, offers a variety of features. The layout includes 4 separate offices, 2 full bathrooms, 1 half bathroom, and 2 conference rooms. Additional amenities include an exercise room and a kitchenette area. The property provides ample storage space. Architectural details include hardwood floors, exposed brick walls, and tin ceilings. The lot size is 0.127 acres and the property is located in Owen County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office 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
    -86.76273
    Latitude
    39.285795

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    FAQs

    What type of property is this?
    Office space - Office space with charm, hardwood floors, and exposed brick.
    Where is this office space located?
    The property is located at 23 S Main St Spencer, IN.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: - Prime location on the west side of the square in Spencer.; - Features hardwood floors, exposed brick walls, and tin ceilings, offering a charming aesthetic.; - Includes 4 separate offices and 2 conference rooms, ideal for various business needs.
    (812) 828-0285
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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
    23 S Main St Spencer, IN 47460
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