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Mixed-Use Building with Blacksmith Shop
For Sale
$99,900

109 W Walnut St, Greencastle, IN 46135

Brick house and rear shop building offer road visibility and distinct spaces for renovation, office or retail concepts.

Property SizeContact for details
Days on Market199

Property Features for 109 W Walnut St

General Information

Standard status Active

Building Details

Construction brick
Listing Agency: Prime Real Estate ERA Powered
Listed By: Eric Wolfe · License #MBR25107
Source: Exprealty
Added: Feb 20 Changed: Aug 27 Last Checked: Sep 6 at 12:00PM

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 Prime Real Estate ERA Powered

Investment Insights

Based on property information with market context.

This mixed-use property includes a brick house that was previously configured as three apartments and now requires significant renovation. The layout also lends itself to conversion ideas such as retail or office use with an apartment upstairs, depending on final design.

Behind the house is a brick blacksmith’s shop with a loading dock and large doors, plus a lean-to for additional storage. The shop also features a two-story loft area and steel reinforcements, supporting a flexible configuration for storage-oriented use.

The property is located on W. Walnut St., just steps from downtown restaurants and shops and DePauw University’s campus, providing convenient walkability and strong street-facing presence.

Key Highlights

  • Brick house on W. Walnut St. near downtown restaurants, shops, and DePauw University
  • House was once configured as three apartments and now needs renovation
  • Potential for retail shops or offices with an apartment upstairs (subject to renovation)

Property Analytics

Current Use

Julio Just Teasin Hair Salon

Suggested Use

Top Pick Pharmacy Locksmith Garden Center Catering Service Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

518
Businesses Nearby

Demographics for 46135, IN

19,869
Population
7,148
Households
2.8
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
167.1 sq mi
ZIP Area
119
Density / Sq Mi
$70,847
Median Household Income
$33,314
Median Earnings
$902
Median Rent
$200,900
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Live-work space - Brick house and rear shop building offer road visibility and distinct spaces for renovation, office or retail concepts.
Where is this live-work space located?
The property is located at 109 W Walnut St Greencastle, IN.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Brick house on W. Walnut St. near downtown restaurants, shops, and DePauw University; House was once configured as three apartments and now needs renovation; Potential for retail shops or offices with an apartment upstairs (subject to renovation)
More about this property
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