Building Details

Year built 1901

Flooring type Laminate, Wood, Concrete, Unfinished

Roof type Shingle

Listing Agency: Century 21 Scheetz - Carmel · Century 21 Real Estate Show Phone

Listed By: Kyle Pugh · License #RB25001630 Show Phone

Added: May 6 Changed: Aug 4 Last Checked: Aug 12 at 1:06AM

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MLS# 202616869

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.

This mixed-use building includes two ground-level storefronts, offering retail, office, or service flexibility. The second story features a residential one-bedroom apartment that is currently rented, supporting ongoing rental income. Upstairs, there is also a spacious ballroom/event space that is ready to be finished into additional apartments or other rental uses.

The property sits on a 0.172-acre lot at 6943 Monroe Street in Stockwell, Indiana (Tippecanoe County). Built in 1901, the building has central air cooling and a shingle roof. Interior flooring includes unfinished areas along with concrete, wood, and laminate. A basement is also included.

For business-ready use, the property “comes with all accessories” identified for a pizza shop/ice cream business. Local access includes proximity to Lafayette, and the property is noted as about 25 minutes from Ross-Ade Stadium and Purdue University.

Key Highlights

• Two ground‑level storefronts for retail, office, or service use
• One‑bedroom apartment on the second story is currently rented
• Upstairs ballroom/event space ready to be finished into more rentals

Property Analytics

Property Profile

Current Use

Retail space

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

28

Businesses Nearby

Explore this area Business Placement

Demographics for 47905, IN

41,787

Population

18,309

Households

2.3

Avg Household Size

37

Median Age

32%

College-Educated

91%

High-School Grad

120.4 sq mi

ZIP Area

347

Density / Sq Mi

$63,115

Median Household Income

$41,595

Median Earnings

$1,101

Median Rent

$215,500

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two ground-level storefronts and a currently rented second-story apartment, plus an upstairs ballroom/event space.

Where is this mixed-use property located?

The property is located at 6943 Monroe Street Stockwell, IN.

What is the asking price?

The asking price for this property is $290,000.

What are key features of this property?

This property features: Two ground‑level storefronts for retail, office, or service use; One‑bedroom apartment on the second story is currently rented; Upstairs ballroom/event space ready to be finished into more rentals