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Mixed-Use Property with Restaurant
For Sale
$200,000

407 Third St, Howe, IN 46746

COMMERCIAL, Howe, IN

Property SizeContact for details
Lot Size0.23 Acres
Days on Market197

Property Features for 407 Third St

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Parking features Off Street
Directions Third St Howe IN across from the park .
Subdivision LaGrange County
Standard status Active
APN 44-02-30-300-000.026-012
Lot size 0.23 Acres

Taxes and HOA fees

Tax Year 49
Tax Description OP N 28' of lots 64 & 69 and op S 28.5 of lots 63 & 96
Tax Annual Amount 694
Legal Description OP N 28' of lots 64 & 69 and op S 28.5 of lots 63 & 96

Utilities

Cooling system Central Air

Building Details

Year built 1900
Flooring type Laminate, Concrete
Roof type Shingle
Listing Agency: Lewis & Lambright Inc
Listed By: John Wainwright
Added: Feb 23 Changed: Sep 4 Last Checked: Sep 8 at 12:06PM
MLS# 202605655

Copyright © 2026 Northeastern Indiana 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.

This mixed-use property at 407 Third St in Howe, Indiana, combines an operating restaurant component with an upstairs apartment. The sale includes the underlying real estate and business equipment. The apartment is currently rented, providing an established residential component within the building.

Built in 1900, the property occupies 0.228 acres and includes a basement, laminate and concrete flooring, central air, a shingle roof, and off-street parking. Its configuration brings restaurant and residential space together in a compact commercial property in LaGrange County.

Key Highlights

  • Restaurant business equipment included with the real estate
  • Upstairs apartment is currently rented
  • 0.228‑acre property at 407 Third St, Howe, IN 46746

Property Analytics

Current Use

The Gathering Place Restaurant Restaurant

Suggested Use

Top Pick Building Supply HVAC Service Auto Parts Store Storage Facility Big Box & Wholesale Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

79
Businesses Nearby
28k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
BP Shops & Services
10,417 visits/mo 0.3 miles
Phillips 66 Shops & Services
9,229 visits/mo 0.4 miles
Dollar General Shops & Services
8,067 visits/mo 0.4 miles

Demographics for 46746, IN

4,003
Population
1,602
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
83%
High-School Grad
71.7 sq mi
ZIP Area
56
Density / Sq Mi
$78,250
Median Household Income
$37,191
Median Earnings
$832
Median Rent
$157,000
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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Includes an upstairs apartment, business equipment, central air, and off-street parking.
Where is this mixed-use property located?
The property is located at 407 Third St Howe, IN.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Restaurant business equipment included with the real estate; Upstairs apartment is currently rented; 0.228‑acre property at 407 Third St, Howe, IN 46746
More about this property
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