Two-Story Mixed-Use
For Sale
$450,000
112 S Main St, Nappanee, IN 46550
Downtown property pairs commercial space with an updated apartment and separate access.
Property Size4,200 SF
Price / SF$78.95
Days on Market11
Property Features for 112 S Main St
General Information
Standard status
Active
Size
4,200 SF
Additional Details
Road Access
Yes
Office Units
1
Building Details
Year Built
1910
Buildings
1
Stories
2
Building Size
4,200 SF
Construction
brick
Tenancy
Single
Listing Agency:
Paradigm Realty Solutions
(574) 361-3933
Listed By:
Joshua Vida · License #RB14030173
Source:
Kmsrealestategroup
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 28 at 8:57PM
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 Paradigm Realty Solutions
Investment Insights
Based on property information with market context.
Located at 112 S Main St in downtown Nappanee, this two-story brick mixed-use property dates to 1910 and combines commercial and residential occupancy. The main level contains approximately 2,700 sq ft of commercial space, currently leased to a professional office tenant through June 2026. A separate upstairs apartment provides 1,500 sq ft with an open plan, updated kitchen and bath, new HVAC, and abundant natural light.
Electrical and plumbing improvements have been completed across both floors. The commercial HVAC system is older but reported to be in good working order. Roofing includes a new section over the residential portion and part of the commercial area, while an approximately 1,200 sq ft rear section is older and maintained. The apartment has its own Main Street stairway entrance, with street and rear parking access. The property also fronts Cartoon Alley, a renovated public mural walkway in the downtown area.
Electrical and plumbing improvements have been completed across both floors. The commercial HVAC system is older but reported to be in good working order. Roofing includes a new section over the residential portion and part of the commercial area, while an approximately 1,200 sq ft rear section is older and maintained. The apartment has its own Main Street stairway entrance, with street and rear parking access. The property also fronts Cartoon Alley, a renovated public mural walkway in the downtown area.
Key Highlights
- Approximately 2,700 sq ft of commercial space leased through June 2026
- 1,500 sq ft upstairs apartment with new HVAC, kitchen, and bath
- Renovated residential unit opened to studs and occupied by 1 tenant since renovation
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 46550, IN
12,679
Population
4,656
Households
2.7
Avg Household Size
32
Median Age
9%
College-Educated
72%
High-School Grad
71.6 sq mi
ZIP Area
177
Density / Sq Mi
$80,403
Median Household Income
$42,843
Median Earnings
$867
Median Rent
$232,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown property pairs commercial space with an updated apartment and separate access.
Where is this mixed-use property located?
The property is located at 112 S Main St Nappanee, IN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 2,700 sq ft of commercial space leased through June 2026; 1,500 sq ft upstairs apartment with new HVAC, kitchen, and bath; Renovated residential unit opened to studs and occupied by 1 tenant since renovation
