Building Details

Year built 1882

Flooring type Mixed

Roof type Rubber

Listing Agency: Keith Realty & Auction Group Show Phone

Listed By: Trent Keith · License #RB16000005 Show Phone

Added: Mar 24 Changed: Aug 20 Last Checked: Sep 8 at 3:06AM

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MLS# 202609862

Copyright © 2026 Indiana Uplands Realtor® Association. 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.

Built in 1882, this three-story mixed-use building combines commercial and residential components in downtown Spencer. The 3,024-square-foot main level is currently rented and includes a front picture window with a glass entry door. Double doors at the rear provide a practical route for bringing materials or equipment into the commercial space.

Two rented apartments occupy the second and third stories. Residents use a separate entrance positioned south of the commercial doorway, with a wide stairwell serving the upper-level units. The property sits on 0.07 acres on the west side of the Square and includes central air, mixed flooring, a rubber roof, and a basement.

Key Highlights

• 3,024 SF commercial main level is currently rented
• Two rented apartments occupy the second and third stories
• Separate residential entry with a wide stairwell

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Kitchen & Bath Showroom Garden Center

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

Location Intelligence

Trade Area within ½ mile

400

Businesses Nearby

Explore this area Business Placement

Demographics for 47460, IN

11,560

Population

5,045

Households

2.3

Avg Household Size

45

Median Age

22%

College-Educated

88%

High-School Grad

150.5 sq mi

ZIP Area

77

Density / Sq Mi

$67,688

Median Household Income

$42,113

Median Earnings

$888

Median Rent

$177,600

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

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three-story property combining leased commercial space with two leased apartments and separate residential access.

Where is this mixed-use property located?

The property is located at 69 S Main Street Spencer, IN.

What is the asking price?

The asking price for this property is $339,900.

What are key features of this property?

This property features: 3,024 SF commercial main level is currently rented; Two rented apartments occupy the second and third stories; Separate residential entry with a wide stairwell