Mixed-Use Property with Upper-Floor
New
For Sale
$209,000
125 E Michigan Street, New Carlisle, IN 46552
Ground-floor retail space may be offered for lease.
Property SizeContact for details
Days on Market5
Property Features for 125 E Michigan Street
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Buildings
1
Stories
2
Listing Agency:
Re/Max County Wide 1st
Listed By:
Dan Kelley · License #RB140228800
(574) 876-8601
Source:
Castleonerealty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 5:12PM
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 Re/Max County Wide 1st
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Investment Insights
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This two-level property combines ground-floor retail space with an upper floor that could accommodate two apartments after renovation. The building previously housed a bakery, and the retail area may also be available for lease.
The upper-floor apartment conversion requires renovation, along with permits and architectural and engineering reports. The property is in downtown New Carlisle at 125 E Michigan Street.
The upper-floor apartment conversion requires renovation, along with permits and architectural and engineering reports. The property is in downtown New Carlisle at 125 E Michigan Street.
Key Highlights
- Ground‑floor retail space may be available for lease
- Upper level has space for 2 apartments, subject to renovation
- Apartment conversion requires permits and architectural and engineering reports
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail space may be offered for lease.
Where is this mixed-use property located?
The property is located at 125 E Michigan Street New Carlisle, IN.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Ground‑floor retail space may be available for lease; Upper level has space for 2 apartments, subject to renovation; Apartment conversion requires permits and architectural and engineering reports
