Leased Two-Story Commercial
106 Franklin St Milan, IN 47031
106 Franklin St, Milan, IN, 47031
$127,000
For Sale
$127,000
Two tenants occupy a fully leased brick two-story building with a new metal roof installed in 2024.
Days on Market230
Property Features for 106 Franklin St
General Information
- Standard status
- Active
Listing agency
RE/MAX Victory + Affiliates
(812) 926-2278
Listed by
Mark Ginder · License #RB14035669
Source
Exprealty
Added: Dec 4, 2025 Updated: Jul 21 at 4:03PM Checked: Jul 21 at 4:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Victory + Affiliates
Investment Insights
Based on property information with market context.
This brick, two-story commercial building is fully leased with two tenants. The first floor tenant pays $850 per month plus utilities and insurance, and the second floor apartment pays $650 per month plus utilities and insurance. The seller installed a new metal roof in 2024.
The building was originally the Milan Theater and retains original slanted floors. The second floor previously included a space for the movie projector, which is now gone.
With income already in place, the property presents a straightforward setup for an owner seeking a fully occupied, two-tenant brick building with recently completed roofing improvements.
The building was originally the Milan Theater and retains original slanted floors. The second floor previously included a space for the movie projector, which is now gone.
With income already in place, the property presents a straightforward setup for an owner seeking a fully occupied, two-tenant brick building with recently completed roofing improvements.
Key Highlights
- Fully leased brick 2‑story commercial building with 2 tenants
- First‑floor tenant rent is $850/month plus utilities and insurance
- Second‑floor apartment rent is $650/month plus utilities and insurance
Property Analytics
Location Intelligence
Current Use by Public Records
Edward Roberts Fine ...
General Contractor
FAQs
What type of property is this?
Residential income property - Two tenants occupy a fully leased brick two-story building with a new metal roof installed in 2024.
Where is this residential income property located?
The property is located at 106 Franklin St Milan, IN.
What is the asking price?
The asking price for this property is $127,000.
What are key features of this property?
This property features: Fully leased brick 2‑story commercial building with 2 tenants; First‑floor tenant rent is $850/month plus utilities and insurance; Second‑floor apartment rent is $650/month plus utilities and insurance
