Multi-Tenant Investment Property For
For Sale
Contact for pricing
Pending
120 N Main Street, Churubusco, IN 46723
Affordable multi-tenant investment property with highway frontage in Churubusco, Indiana.
Property Size10,143 SF
Lot Size0.08 Acres
Days on Market100
Property Features for 120 N Main Street
General Information
Standard status
Pending
Size
10,143 SF
Lot size
0.08 Acres
Property subtype
Special Purpose
Building Details
Year Built
1947
Listing Agency:
Coldwell Banker Real Estate Group
Listed By:
Robert L Thatcher · License #IN
Source:
Crexi
Added: May 23
Changed: Aug 14
Last Checked: Aug 14 at 7:26AM
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 Coldwell Banker Real Estate Group
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Highway Frontage on US HWY 33 with high traffic volume.
- Multi‑Tenant Investment Property with 100% leased upper‑level apartments providing existing cash flow.
- Main‑Level Commercial space ideal for restaurant owner‑operator or retail – suitable for sale or lease.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Explore this area
Business Placement
Demographics for 46723, IN
7,383
Population
3,343
Households
2.2
Avg Household Size
43
Median Age
17%
College-Educated
93%
High-School Grad
58.3 sq mi
ZIP Area
127
Density / Sq Mi
$80,183
Median Household Income
$39,391
Median Earnings
$781
Median Rent
$198,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Affordable multi-tenant investment property with highway frontage in Churubusco, Indiana.
Where is this mixed-use property located?
The property is located at 120 N Main Street Churubusco, IN.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: Highway Frontage on US HWY 33 with high traffic volume.; Multi‑Tenant Investment Property with 100% leased upper‑level apartments providing existing cash flow.; Main‑Level Commercial space ideal for restaurant owner‑operator or retail – suitable for sale or lease.
