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Mixed-Use Building with Apartment
New
For Sale
$539,000

111 W Hazel Street, Albion, IN 46701

Courthouse Square zoning and a renovated upper-floor residence support a combined commercial and residential configuration.

Property Size2,016 SF
Price / SF$267.36
Days on Market6

Property Features for 111 W Hazel Street

General Information

Standard status Active
Size 2,016 SF
Property subtype Multi Family Home
Zoning Courthouse Square Zoning

Additional Details

Multifamily Units 1
Property Use Office

Building Details

Building Size 2,016 SF
Year Built 1920
Buildings 1
Stories 2
Units 1
Listing Agency: Hosler Realty Inc
Listed By: Vincent Crump · License #RB17001221
Source: Castleonerealty
Added: Oct 19 Changed: Oct 23 Last Checked: Oct 23 at 4:53PM

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 Hosler Realty Inc

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Investment Insights

Based on property information with market context.

This 1920 mixed-use property combines commercial space and an upper-level apartment. The commercial area is arranged with approximately 10 perimeter offices around a large central space, with existing restrooms. The renovated apartment provides a separate residential component within the building.

Located at 111 W Hazel Street in Albion’s Courthouse Square area, the property is near the Noble County Courthouse and downtown businesses. Its zoning designation is Courthouse Square Zoning. The building also has historical ties to the local Fraternal Order of Eagles Aerie #2455.

Key Highlights

  • Commercial area configured with approximately 10 perimeter offices and a large central area
  • Renovated upper‑level apartment
  • Courthouse Square Zoning designation

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Auto Repair Shop HVAC Service Auto Parts Store Big Box & Wholesale Store Real Estate Agency Nail Salon

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

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

186
Businesses Nearby

Demographics for 46701, IN

7,687
Population
3,386
Households
2.3
Avg Household Size
43
Median Age
27%
College-Educated
93%
High-School Grad
96.8 sq mi
ZIP Area
79
Density / Sq Mi
$76,813
Median Household Income
$45,847
Median Earnings
$835
Median Rent
$194,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Courthouse Square zoning and a renovated upper-floor residence support a combined commercial and residential configuration.
Where is this mixed-use property located?
The property is located at 111 W Hazel Street Albion, IN.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Commercial area configured with approximately 10 perimeter offices and a large central area; Renovated upper‑level apartment; Courthouse Square Zoning designation
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