Building Details

Year built 1890

Flooring type Tile, Wood

Roof type Rubber

Listing Agency: Re/Max County Wide 1st · RE/MAX International d***@gmail.com Show Phone

Listed By: Dan Kelley · License #RB140228800 Show Phone

Added: Oct 7 Changed: Oct 8 Last Checked: Oct 13 at 4:06AM

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MLS# 202641859

Copyright © 2026 Greater South Bend-Mishawaka Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1890 storefront has a main-level retail area available for lease and a second floor that could accommodate two apartments after renovation. The upper-level work requires permits along with architectural and engineering reports. The building also includes a basement, wood and tile flooring, and a rubber roof.

The property is at 125 E Michigan Street in New Carlisle, Indiana. The second floor is negotiable separately from the main retail space.

Key Highlights

• Built in 1890
• Main‑level retail area offered for lease
• Second floor has space for 2 apartments, subject to renovation, permits, and architectural and engineering reports

Property Analytics

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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.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

155

Businesses Nearby

Well-served

Demand for This Use

Explore this area 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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the lease rate? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Yellow Rose Florist New Carlisle — 511 W Michigan St Unit 4, New Carlisle, IN 46552

Frequently Asked Questions

What type of property is this?

Storefront property - The main-floor retail area is offered for lease, with a separate upper floor available for discussion.

Where is this storefront property located?

The property is located at 125 E Michigan Street New Carlisle, IN.

What is the lease rate?

The lease rate is $21,600.

What are key features of this property?

This property features: Built in 1890; Main‑level retail area offered for lease; Second floor has space for 2 apartments, subject to renovation, permits, and architectural and engineering reports