Bank Building with
For Sale
$475,000
118 E Michigan Street, New Carlisle, IN 46552
COMMERCIAL, New Carlisle, IN
Property SizeContact for details
Lot Size0.28 Acres
Days on Market1420
Property Features for 118 E Michigan Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
Off Street
Lot features
City, Commercial
Directions
US 20 West become Michigan St in New Carlisle.
Subdivision
St. Joseph County
Standard status
Active
APN
71-01-34-235-007.000-018
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2021
Tax Description
32' E Side Lot 21 & W 1/2 Vac Alley E & Adj O P New Carlisle
Tax Annual Amount
5500
Legal Description
32' E Side Lot 21 & W 1/2 Vac Alley E & Adj O P New Carlisle
Utilities
Cooling system
Central Air, Multi Units
Amenities
high decorative ceilings
pristine vault
large counter top area
Building Details
Year built
1900
Flooring type
Vinyl, Carpet, Slate
Roof type
Rubber
Listing Agency:
Re/Max County Wide 1st · RE/MAX International
(574) 273-9547
Listed By:
Kim Huston · License #RB14023503
(574) 532-2128
Added: Nov 11, 2022
Changed: Sep 28
Last Checked: Oct 1 at 7:06PM
MLS# 202246456
Copyright © 2026 Greater South Bend-Mishawaka 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.
Investment Insights
Based on property information with market context.
This bank property offers a main floor with at least five distinct room or space areas. The front lobby features a substantial counter and decorative high ceilings, with a vault also in place. A drive-through window accommodates two customers.
The unfinished second floor spans more than 1,900 square feet and has high ceilings with open space. The property sits in New Carlisle’s business, restaurant, and storefront district. The parcel measures 0.28 acres.
The unfinished second floor spans more than 1,900 square feet and has high ceilings with open space. The property sits in New Carlisle’s business, restaurant, and storefront district. The parcel measures 0.28 acres.
Key Highlights
- Drive‑through window designed to serve 2 customers
- Unfinished second floor with more than 1,900 square feet of open area
- Main floor has at least 5 room or space options
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 46552, IN
6,478
Population
2,981
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
94%
High-School Grad
63.9 sq mi
ZIP Area
101
Density / Sq Mi
$79,464
Median Household Income
$53,849
Median Earnings
$811
Median Rent
$211,500
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - The layout includes multiple main-floor spaces, a vault, and a large unfinished upper level.
Where is this bank located?
The property is located at 118 E Michigan Street New Carlisle, IN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Drive‑through window designed to serve 2 customers; Unfinished second floor with more than 1,900 square feet of open area; Main floor has at least 5 room or space options
