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Two-Story Downtown Mixed-Use Building
For Sale
$420,000

112 S Main Street, Nappanee, IN 46550

COMMERCIAL, Nappanee, IN

Property Size4,200 SF
Lot Size0.07 Acres
Price / SF$100
Days on Market62

Property Features for 112 S Main Street

General Information

Property type Commercial Sale
Property subtype Other
Lot features City
Directions From US 6 (Market St) in downtown Nappanee, turn south onto SR 19/S Main St. Property is located just south of Market St on S Main St at 112 S Main St.
Subdivision Elkhart County
Standard status Active
APN 20-13-36-429-016.000-021
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description ORIG PLAT OF NAPPANEE S1/3 EX N 6IN LOT 2 (TIF 80)
Tax Annual Amount 5490
Legal Description ORIG PLAT OF NAPPANEE S1/3 EX N 6IN LOT 2 (TIF 80)

Utilities

Cooling system Central Air, Multi Units

Building Details

Year built 1910
Flooring type Wood, Laminate
Roof type Shingle, Flat
Listing Agency: Paradigm Realty Solutions
Listed By: Joshua Vida · License #RB14030173
Added: Aug 14 Changed: Sep 15 Last Checked: Oct 14 at 3:06PM
MLS# 202633330

Copyright © 2026 Elkhart County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1910, this two-story brick mixed-use property at 112 S Main Street combines approximately 4,200 square feet of commercial and residential space. The main level contains approximately 2,700 square feet of commercial space, while the upper level provides a 1,500-square-foot apartment with a private entrance and stair access from Main Street. The residence has been renovated to the studs and includes a new HVAC system, kitchen, and bathroom, along with an open layout and natural light.

Electrical and plumbing improvements have been completed throughout both levels. The commercial area has an older HVAC system described as being in good working order. Roofing includes a new roof over the residential section and part of the commercial area, plus an approximately 1,200-square-foot rear section that has been maintained. The property offers street and rear parking access and alley frontage on Cartoon Alley, a renovated public mural walkway in downtown Nappanee.

Key Highlights

  • Approximately 4,200 SF total, including 2,700 SF commercial and 1,500 SF residential space
  • Two‑story brick building constructed in 1910
  • Upper‑level apartment renovated to the studs with new HVAC, kitchen, and bath

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Nail Salon Gym & Fitness Center

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
Office units
1
Residential units
Single-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

361
Businesses Nearby

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
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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Brick commercial property with an updated apartment, separate entrance, and Main Street and rear access.
Where is this mixed-use property located?
The property is located at 112 S Main Street Nappanee, IN.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Approximately 4,200 SF total, including 2,700 SF commercial and 1,500 SF residential space; Two‑story brick building constructed in 1910; Upper‑level apartment renovated to the studs with new HVAC, kitchen, and bath
More about this property
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