Multi-Tenant Investment Property For
120 N Main Street, Churubusco, IN 46723
New
Affordable multi-tenant investment property with highway frontage in Churubusco, Indiana.
Type:Special Purpose
Property size:
10,143 SFLot size:
0.08 AcresPrice / SF:
$33/SF- Added:
- May 23, 2026
- Days on Market:
- 6
- Last Refresh:
- May 27 at 8:24 am
Property Features for 120 N Main Street
General Information
- Standard status
- Active
- Size
- 10,143 SF
- Lot size
- 0.08 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1947
Listing agent Robert L Thatcher License #IN
Listing office Coldwell Banker Real Estate Group
Listing date May 23, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Real Estate Group
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.
- Commercial Kitchen equipped with stainless steel exhaust hood and fire suppression system. Restaurant equipment included.
- Located in a Rural Opportunity Zone.
- Full Lower‑Level Basement with Wet Sprinkler System.
Overview
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.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Churubusco
- County
- Whitley
- State
- Indiana
- Longitude
- -85.3188505
- Latitude
- 41.2297482
Nearby Similar for Sale
FAQs
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.
