120 N Main Street Churubusco, IN 46723

Located at 120 North Main Street in Churubusco, Indiana, this multi-tenant investment property offers frontage on US HWY 33, with an ADT of 15,253 VPD. The property, situated in a Rural Opportunity Zone, features 10,143 square feet on a 0.08-acre lot. The building includes 3,381 square feet of main-level commercial space available for sale or lease, along with three upper-level apartments that are currently 100% leased and generating monthly cash flow. The commercial space includes a commercial kitchen equipped with a large stainless steel exhaust hood with an Ansul fire suppression system, a vented three-bay commercial sink with a grease trap, and other restaurant FF&E such as refrigerators and coolers. ADA-compliant restrooms and ramped ingress and egress are present. The building features quality wood frame construction with a primarily masonry exterior and tall ceilings. A full lower-level basement includes a wet sprinkler system and offers excellent utility. The property has adequate electrical service, natural gas HVAC, and water heaters. Zoned General Business (GB), the site is in a central business district with parking, municipal water/sewer, and off-street parking lots. The property is suitable for a restaurant owner-operator or potential lease with an option to purchase, retail of all types, or a medical/dental practice. Lease terms for the upper-level apartments range from $900 to $1,090 per month. The main level commercial space is available at $8.00 per square foot on a modified gross 3-5 year term. The lower-level flex space is 3,381 square feet.