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Mixed-Use Building with Apartments

112 N Main Street, Bourbon, IN 46504

For Sale
$210,000

Ground-floor storefront space accompanies two one-bedroom apartments with separate kitchens and full baths.

Property Size4,667 SF
Price / SF$44
Days on Market92

Property Features for 112 N Main Street

General Information

Standard status Active
Size 4,667 SF
Property subtype Multi-Family

Units

Unit Mix 2 x 1BR/1BA
Multifamily Units 2

Additional Details

Mixed-Use Components retail, residential

Amenities

in-unit washer/dryer
Jacuzzi tub
mini split
2
1
Partial Basement,Michigan Basement
Laminate,Part Carpet
Yes
Block
4667
3
477
No
Block,Wood
Community
2614
22.4x126
Level
0.06
4

Building Details

Year Built 1915
Buildings 1
Stories 2
Listing Agency: Milestone Realty, LLC
Listed By: Kelly Wentzlof
Source: Hoslerrealty
Added: Aug 10 Changed: Nov 9 Last Checked: Nov 8 at 4:11PM

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 Milestone Realty, LLC

Rey
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Investment Insights

Based on property information with market context.

At 112 N Main Street in Bourbon, this 4,667-square-foot mixed-use property combines a ground-level retail or office storefront with two one-bedroom apartments. The upper residence has a full kitchen, full bath with a Jacuzzi tub, high ceilings and natural light. The main-level apartment includes front and rear private entrances, a full kitchen with appliances, a full bath, and an in-unit washer and dryer. A mini-split serves the ground-level unit; the upper unit has a newer water heater. Flooring, paint, electrical, and plumbing were updated within the past five years.

Built in 1915, the building occupies a 0.06-acre parcel measuring 22.4x126. The existing layout pairs commercial space with residential units in a single property.

Key Highlights

  • 4,667‑square‑foot mixed‑use building with retail or office storefront
  • Two one‑bedroom apartments, each with a full kitchen and full bath
  • Upper apartment features high ceilings and a Jacuzzi tub

Property Analytics

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

Current Use

Main Street Boutique ... Hair Salon The Way Church Leave It All ... Alternative Medicine Practice B.I.G. Load Laundry (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Building Supply Hair Salon (Bike/Boat/Book/etc) Store Auto Parts 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.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

142
Businesses Nearby
11k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Family Express Shops & Services
8,433 visits/mo 0.1 miles
Family Dollar Shops & Services
2,953 visits/mo 0.4 miles

Demographics for 46504, IN

3,241
Population
1,232
Households
2.6
Avg Household Size
38
Median Age
16%
College-Educated
87%
High-School Grad
66.6 sq mi
ZIP Area
49
Density / Sq Mi
$83,712
Median Household Income
$43,821
Median Earnings
$861
Median Rent
$169,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor storefront space accompanies two one-bedroom apartments with separate kitchens and full baths.
Where is this mixed-use property located?
The property is located at 112 N Main Street Bourbon, IN.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 4,667‑square‑foot mixed‑use building with retail or office storefront; Two one‑bedroom apartments, each with a full kitchen and full bath; Upper apartment features high ceilings and a Jacuzzi tub
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