125 E Michigan Street #Lower level, New Carlisle, IN 46552

Building Details

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Stories 2 More

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

Listed By: Dan Kelley · License IN RB140228800 Show Phone

Source: Abbottsteam

Added: Nov 1 Changed: Nov 9 Last Checked: Nov 10 at 2:26AM

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Investment Insights

Based on property information with market context.

A storefront property in downtown New Carlisle offers a main-level retail area for lease. The upper floor contains space for two apartments and is negotiable separately. Renovation is required for the proposed apartment use, along with permits and architectural and engineering reports.

Key Highlights

• Main‑level retail area available for lease
• Upper floor has space for 2 apartments and is negotiable
• Apartment renovation requires permits and architectural and engineering reports

Property 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.

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

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-level retail area is available for lease, with the upper floor offered on negotiable terms.

Where is this storefront property located?

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

What is the lease rate?

The lease rate is $21,600.

What are key features of this property?

This property features: Main‑level retail area available for lease; Upper floor has space for 2 apartments and is negotiable; Apartment renovation requires permits and architectural and engineering reports