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Mixed-Use Property with Auto Garage
New
For Sale
$119,900

1136 N Mckinley Avenue, Rensselaer, IN 47978

Commercial Sale, Rensselaer, IN

Property Size1,904 SF
Lot Size0.23 Acres
Price / SF$62.97
Days on Market2

Property Features for 1136 N Mckinley Avenue

General Information

Property type Commercial Sale
Property subtype Other
Parking 10
Parking features Oversize, Garage
Interior features High Ceilings
Exterior features Rain Gutters
Appliances Water Heater
Subdivision Westons 2nd Add
Lot features Back Yard
View City
Directions US 231 to the northside of Rensselaer at the Merritt Street intersection
Standard status Active
APN 370719005001179027
Size 1,904 SF
Lot size 0.23 Acres

Additional Details

Mixed-Use Components retail, automotive

Taxes and HOA fees

Tax Year 2025
Tax Description WESTONS 2ND ADD E 100' LOT 1 BLK 5; E 100' N 15' LOT 4 BLK 5
Tax Annual Amount 393
Legal Description WESTONS 2ND ADD E 100' LOT 1 BLK 5; E 100' N 15' LOT 4 BLK 5

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Water source Public

Amenities

heated
office
bathroom
retail shop
billboard

Building Details

Year built 1936
Buildings 1
Listing Agency: Jenkins Real Estate, Inc.
Listed By: JoAnn McElfresh
Added: Oct 23 Last Checked: Oct 24 at 3:06AM
MLS# 847295

Copyright © 2026 Greater Northwest Indiana Association 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.

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Investment Insights

Based on property information with market context.

This mixed-use property combines a heated automotive garage with an adjoining retail shop. The garage offers 1,400 square feet, two overhead doors, office space and a bathroom; the side retail area adds 504 square feet and a separate bathroom. High ceilings and oversized garage parking are also noted. The billboard generates supplemental income.

The property occupies a 0.23-acre site at 1136 N McKinley Avenue in Rensselaer, along US 231. Public water and sewer serve the site, and heating is forced air with natural gas.

Repairs and updates completed since 2024 include a new roof, gutters and downspouts, two front windows, a water heater, sinks, faucets and plumbing lines in both units. Garage furnace components were replaced, while the retail unit received flooring, lighting and paint. The building dates to 1936.

Key Highlights

  • Heated 1,400‑square‑foot garage with two overhead doors, office space and a bathroom
  • Separate 504‑square‑foot retail shop with its own bathroom
  • Billboard provides supplemental income

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Auto Parts Store Pharmacy Dental Office 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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

222
Businesses Nearby

Demographics for 47978, IN

10,815
Population
4,355
Households
2.5
Avg Household Size
42
Median Age
18%
College-Educated
91%
High-School Grad
263.7 sq mi
ZIP Area
41
Density / Sq Mi
$71,359
Median Household Income
$35,486
Median Earnings
$867
Median Rent
$180,900
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 - Two commercial spaces pair automotive service capacity with a separate retail shop and billboard income.
Where is this mixed-use property located?
The property is located at 1136 N Mckinley Avenue Rensselaer, IN.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: Heated 1,400‑square‑foot garage with two overhead doors, office space and a bathroom; Separate 504‑square‑foot retail shop with its own bathroom; Billboard provides supplemental income
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