102 W Main Street Mentone, IN 46539

Building Details

Year Built

1900

Listing office Matt Shively - m***@centerappraisal.com Show Phone

Listing date Jul 5, 2024

Source Xome

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Investment Insights

Based on property information with market context.

This mixed-use property presents an opportunity to acquire a location occupied by a United States Postal Office since the 1960s. The USPS lease is transferable to a new owner. The property includes a new roof installed in 2018, a leased efficiency apartment, and a leased 1-bedroom apartment. The second level offers over 4,000 square feet of space, presenting possibilities for multiple apartments or commercial spaces, subject to town or county approval. This property may be suitable for residential rental specialists seeking to leverage the postal service lease payments while developing the property to its full potential.

Key Highlights

• Reliable USPS tenant provides stable income with easily transferable lease.
• Significant development potential: over 4,000 sq ft of blank canvas on the second level for apartments or commercial spaces (subject to approval).
• Existing income from leased efficiency and 1‑bedroom apartments.

Property Analytics

Property Profile Location Intelligence

FAQs

What type of property is this?

Mixed-use property - Property with postal office, apartments, and development potential.

Where is this mixed-use property located?

The property is located at 102 W Main Street Mentone, IN.

What is the asking price?

The asking price for this property is $180,000.

What are key features of this property?

This property features: Reliable USPS tenant provides stable income with easily transferable lease.; Significant development potential: over 4,000 sq ft of blank canvas on the second level for apartments or commercial spaces (subject to approval).; Existing income from leased efficiency and 1‑bedroom apartments.