125 E Michigan Street, New Carlisle, IN 46552

Building Details

Year Built 1890 More

Listing Agency: Re/Max County Wide 1st Show Phone

Listed By: Dan Kelley · License IN RB140228800 Show Phone

Source: Jmrealtyonline

Added: Oct 6 Changed: Nov 9 Last Checked: Nov 9 at 8:46AM

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Investment Insights

Based on property information with market context.

This downtown mixed-use property dates to 1890 and includes ground-floor retail space plus an upper level with capacity for two apartments. The retail area is available for lease, while terms for the second floor are negotiable.

The upper-floor apartments require renovation. Permits and architectural and engineering reports are required for that work.

Key Highlights

• 1890 construction
• Ground‑floor retail space available for lease
• Upper level has space for 2 apartments; renovation required

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

New Age Baking ... Bakery RJ Clark Studio/Gallery Art Gallery

Suggested Use

Top Pick Dental Office HVAC Service Electrical Service Furniture & Home Goods Grocery & Convenience Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

155

Businesses Nearby

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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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The upper floor offers room for two apartments, with renovation needed before residential use.

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: 1890 construction; Ground‑floor retail space available for lease; Upper level has space for 2 apartments; renovation required