116 Main St Milford, IN 46542

This versatile commercial property, situated at 116 S Main Street in the heart of downtown Milford, Indiana, presents a unique investment opportunity. The building boasts a flexible layout ideal for a variety of businesses. The main level offers a spacious open area perfect for retail or office use, complemented by a private rear office, storage room, and restroom. Upstairs, a sizable apartment provides additional income potential through rental or serves as living quarters for the business owner. This apartment features a large living room with a charming bay window overlooking Main Street, an open kitchen and dining area, two bedrooms, a full bathroom, and a convenient laundry area. Access to the apartment is available from both the front and rear of the building. A partial basement provides ample storage space and houses the building's mechanical systems for the main level. The property benefits from convenient city street-side parking in front and generous off-street parking in the rear. Significant upgrades have been implemented over the years, including a Manabloc system with PEX plumbing, modern breaker boxes and wiring, and energy-efficient insulated windows and doors. Utilities are provided by NIPSCO gas (separately metered for each level), NIPSCO electric, city water, and city sewer. This property offers immediate possession and represents an affordable entry point to owning a thriving business on Main Street. The 0.08-acre lot provides a manageable footprint for this established commercial building.