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Mixed-Use Building with Apartment
For Sale
$250,000

601 Central Avenue, Connersville, IN 47331

Commercial Sale, Connersville, IN

Property Size40,000 SF
Lot Size0.48 Acres
Price / SF$6.25
Days on Market202

Property Features for 601 Central Avenue

General Information

Property type Commercial Sale
Property subtype Retail
Subdivision Connersville
Standard status Active
APN 21-05-25-121-999.000-003
Lot size 0.48 Acres

Amenities

mezzanine-level showroom
warehouse
partially finished full basement
second-story apartment

Building Details

Year built 1920
Listing Agency: Whites Realty
Listed By: Elizabeth Hughey
Added: Feb 18 Changed: Aug 23 Last Checked: Sep 8 at 9:06AM
MLS# 206866

Copyright © 2026 Southeastern Indiana 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.

Investment Insights

Based on property information with market context.

Located at 601 Central Avenue in Connersville, this 40,000-square-foot mixed-use property consists of two connected buildings constructed in 1920. The improvements include a mezzanine-level showroom and warehouse, a partially finished full basement, and a second-story apartment within one building. The configuration brings commercial and residential components together in a single property and supports live-work use or separate space for business operations and housing.

The property sits in Connersville’s Central Business District on a 0.48-acre site. Its combination of showroom, warehouse, basement, and apartment areas provides a varied physical layout for an owner-user, mixed-use operator, or redevelopment plan.

Key Highlights

  • 40,000‑square‑foot mixed‑use property on a 0.48‑acre site
  • Two connected buildings in Connersville’s Central Business District
  • Mezzanine‑level showroom and warehouse areas

Property Analytics

Current Use

Showrooms

Suggested Use

Top Pick Real Estate Agency Hair Salon Dental Office Spa & Massage Center Parking Lot & Garage Skin Care Clinic

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

456
Businesses Nearby

Demographics for 47331, IN

22,782
Population
10,625
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
86%
High-School Grad
191.6 sq mi
ZIP Area
119
Density / Sq Mi
$56,530
Median Household Income
$38,494
Median Earnings
$777
Median Rent
$115,300
Median Home Value

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two connected buildings combine showroom, warehouse, basement, and apartment space within a central business district.
Where is this mixed-use property located?
The property is located at 601 Central Avenue Connersville, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 40,000‑square‑foot mixed‑use property on a 0.48‑acre site; Two connected buildings in Connersville’s Central Business District; Mezzanine‑level showroom and warehouse areas
More about this property
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