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    2465 Old Highway 60 W Mitchell, IN 47446

    For Sale
    $249,000

    Mixed Use - Mitchell, IN

    Type:Mixed Use
    Lot size:
    0.52 Acres
    Days on Market:
    21
    Last Refresh:
    Dec 5 at 11:06 am

    Property Features for 2465 Old Highway 60 W

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    47-11-35-300-041.000-004
    Interior features
    Block, Drywall, 220 Volts
    Exterior features
    220 Volts
    Lot size
    0.52 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1987
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

    Brooks Galloway Real Estate (812) 936-7301

    Listing agent RANDY CHAPLIN (812) 936-7301

    Listing date Nov 15, 2025

    MLS# 202546209 Listing URL

    Copyright © 2025 Bedford Board 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.

    Overview

    Mitchell, IN Mixed-Use Property

    This income-producing commercial property is situated on a half-acre corner lot at the intersection of HWY 37 and HWY 60 in Mitchell, Indiana. Its location at the same intersection as CVS and Taco Bell provides excellent visibility and strong daily traffic. The property includes two buildings, both of which are currently tenant-occupied, generating immediate rental income. The main retail building offers 2,820 square feet of space, including approximately 725 square feet of finished office space. It features an updated metal roof and an attached three-car garage suitable for storage or additional workspace. The second structure is a 36’ x 48’ post-frame metal building, ideal for extra workspace, storage, or business operations. This property offers flexible commercial use potential and a highly visible location, making it an opportunity for investors or business owners seeking a strategic highway corner site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Mitchell
    County
    Lawrence
    State
    Indiana
    Longitude
    -86.490753
    Latitude
    38.731788

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    FAQs

    What type of property is this?
    Retail space - Income-producing commercial property on a highly visible corner lot.
    Where is this retail space located?
    The property is located at 2465 Old Highway 60 W Mitchell, IN.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - Income-producing commercial property with tenant-occupied buildings for immediate rental income.; - Highly visible corner lot location at the intersection of HWY 37 and HWY 60, near CVS and Taco Bell.; - Main retail building with **2,820 sq ft**, including **725 sq ft of finished office space**.
    (812) 936-7301
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    2465 Old Highway 60 W Mitchell, IN 47446
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    Mitchell, IN 47446
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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
    2465 Old Highway 60 W Mitchell, IN 47446
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