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Two-Story Mixed-Use Building
For Sale
$185,000

423 Main Street, Vincennes, IN 47591

COMMERCIAL, Vincennes, IN

Property Size5,000 SF
Lot Size0.08 Acres
Price / SF$37
Days on Market251

Property Features for 423 Main Street

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Lot features City, Historic District
Directions Property is in the 400 block of Main Street.
Subdivision Knox County
Standard status Active
APN 42-12-21-303-010.000-022
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description Old Town SD PT Lot 194
Tax Annual Amount 3977
Legal Description Old Town SD PT Lot 194

Utilities

Cooling system Central Air

Building Details

Year built 1900
Flooring type Tile, Carpet
Listing Agency: RE/MAX Mainstream · RE/MAX International
Listed By: Trey Miller · License #RB14049971
Added: Dec 21, 2025 Changed: Aug 26 Last Checked: Aug 29 at 5:06AM
MLS# 202549444

Copyright © 2026 Southwest 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 two-story brick commercial building, constructed in 1900, provides approximately 5,000 square feet across multiple functional areas. The main floor includes nearly 1,900 square feet of retail space with 14-foot ceilings, built-in shelving, and a large display window facing Main Street. A 694-square-foot garage and storage area has an overhead door and alley access. Additional space includes a finished basement exceeding 600 square feet, a 13' x 14' mezzanine office with a half bath, and an upper loft of approximately 1,460 square feet. Tile and carpet flooring and central air are in place.

Located in downtown Vincennes on Main Street, the property offers a combination of retail, storage, office, and upper-level space within a historic commercial setting. The layout supports continued retail use along with office or mixed-use applications.

Key Highlights

  • Approximately 5,000 SF across a two‑story brick commercial building
  • Nearly 1,900 SF of main‑level retail space with 14‑foot ceilings
  • Large Main Street display window with built‑in shelving

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Pharmacy Bakery Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

1,229
Businesses Nearby

Demographics for 47591, IN

24,984
Population
11,874
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
90%
High-School Grad
166.5 sq mi
ZIP Area
150
Density / Sq Mi
$57,862
Median Household Income
$37,295
Median Earnings
$794
Median Rent
$140,800
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 - Brick commercial property with retail frontage, upper-level space, garage storage, and flexible office potential.
Where is this mixed-use property located?
The property is located at 423 Main Street Vincennes, IN.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Approximately 5,000 SF across a two‑story brick commercial building; Nearly 1,900 SF of main‑level retail space with 14‑foot ceilings; Large Main Street display window with built‑in shelving
More about this property
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