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Restored Mixed-Use Property with Barn
For Sale
$525,000

409 Third Street, Howe, IN 46746

COMMERCIAL, Howe, IN

Property SizeContact for details
Lot Size0.72 Acres
Days on Market189

Property Features for 409 Third Street

General Information

Property type Commercial Sale
Property subtype Retail
Rooms Basement
Parking features Off Street
Directions State Rd 9 to State Rd 120 turn East, buildings on the East side of Street
Subdivision LaGrange County
Standard status Active
APN 44-02-30-300-001.078-012
Lot size 0.72 Acres

Taxes and HOA fees

Tax Year 4049
Tax Description TOWN OF LIMA LOTS 62 & 97; & N 92' OF LOTS 63 & 96 VILLAGE OF MONGOQUONOG
Tax Annual Amount 2196
Legal Description TOWN OF LIMA LOTS 62 & 97; & N 92' OF LOTS 63 & 96 VILLAGE OF MONGOQUONOG

Utilities

Cooling system Central Air

Amenities

grand staircase
beautiful fixtures
barn with water, heat & electrical
4 hook ups for kilns
plenty of parking

Building Details

Year built 1861
Flooring type Carpet, Wood, Tile, Vinyl
Roof type Flat
Listing Agency: Coldwell Banker Real Estate Gr
Listed By: Noel Frost · License #RB19000181
Added: Mar 4 Changed: Sep 5 Last Checked: Sep 9 at 3:06PM
MLS# 202606829

Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. 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 1861 mixed-use property combines a restored main building with retail and office space, established rental occupancy, and additional unfinished area on the upper level. Interior features include vinyl, carpet, tile, and wood flooring, central air, a grand staircase, and decorative fixtures. The upper floor can be completed for additional offices, apartments, or short-term lodging, subject to applicable requirements.

A separate 30-by-40-foot barn adds functional space for studio, event, or storage use. The building includes water, heat, electrical service, and four kiln hookups. The property occupies 0.72 acres with off-street parking at the front and rear. Located on State Rd 120, it is 5 miles from the 80/90 Toll Road Interchange and 10 miles from downtown Shipshewana, across from the Town Park and near restaurants, shops, lakes, campgrounds, golf courses, and parks.

Key Highlights

  • Mixed‑use C‑1 property with retail and office space
  • Restored 1861 main building with grand staircase and decorative fixtures
  • 30‑by‑40‑foot barn with water, heat, electrical service, and 4 kiln hookups

Property Analytics

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Current Use

The Kingsbury in Howe Charitable Organization Howe Farmers Market Specialty Food Shop Stutzman Brothers Meat ... Take-out & Catering Kingsbury House Gallery Art Gallery

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

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

79
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - C-1 retail and office property with established rental space, additional buildout potential, and a heated 30-by-40-foot barn.
Where is this mixed-use property located?
The property is located at 409 Third Street Howe, IN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Mixed‑use C‑1 property with retail and office space; Restored 1861 main building with grand staircase and decorative fixtures; 30‑by‑40‑foot barn with water, heat, electrical service, and 4 kiln hookups
More about this property
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