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Medical Office Building with Upper Apartments
For Sale
$185,000

127 E Main Street, North Manchester, IN 46962

COMMERCIAL - North Manchester, IN

Property SizeContact for details
Lot Size0.11 Acres
Days on Market265

Property Features for 127 E Main Street

General Information

Property type Commercial Sale
Property subtype Office
Rooms Basement
Parking features Garage
Lot features City, Historic District
Directions State Road 114 turns into Main Street. Property on south side.
Subdivision Wabash County
Standard status Active
APN 85-07-05-201-085.000-002
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description OP E 20'3" LOT 2 & W 18 1/2' LOT 2
Tax Annual Amount 1944
Legal Description OP E 20'3" LOT 2 & W 18 1/2' LOT 2

Utilities

Cooling system Central Air
Water front 1

Amenities

off street parking
garage
original tin ceilings
wood flooring
fireplaces
private balcony
river views

Building Details

Year built 1890
Flooring type Wood, Carpet
Roof type Rubber
Listing Agency: Manchester Realty
Listed By: Andrea Greer Markham · License #RB14044325
Added: Nov 20, 2025 Changed: Aug 4 Last Checked: Aug 12 at 9:06AM
MLS# 202546800

Copyright © 2026 REALTORS Association of Central Indiana. 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 Medical Office Space includes two buildings combined into one parcel, featuring two main-level retail or office fronts and two upper-level apartments. One main level unit is configured for a professional office, dental, or medical use, with a reception or waiting area, two half bathrooms, multiple finished offices, and off-street parking plus a back entrance and garage. An additional main level store front space is offered as a blank slate with original tin ceilings and wood flooring.

A common stairway provides access to two upper apartments, each with a large living area, fireplace, and Main Street and Eel River views. Both apartments offer two bedrooms, one bathroom, and rear entrances or exits from a private balcony.

The property is largely ready for renovation. Recent improvements include new roofing installed about five years ago and masonry tuck pointing to preserve the historic character. The building was constructed in 1890 and includes central air cooling. Flooring includes wood and carpet, and the roof is listed as rubber.

The parcel is 0.11 acres.

Key Highlights

  • Two buildings combined into one parcel with two retail or office fronts
  • Main‑level professional office/dental/medical layout with reception and multiple finished offices
  • Blank‑slate storefront with original tin ceilings and wood flooring

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Spa & Massage Center HVAC Service Nail 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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

287
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46962, IN

8,592
Population
3,881
Households
2.2
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
106.2 sq mi
ZIP Area
81
Density / Sq Mi
$71,863
Median Household Income
$36,782
Median Earnings
$679
Median Rent
$152,500
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Two retail or office fronts and two upper apartments sit above an office/dental-ready main level on Main Street.
Where is this medical office space located?
The property is located at 127 E Main Street North Manchester, IN.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Two buildings combined into one parcel with two retail or office fronts; Main‑level professional office/dental/medical layout with reception and multiple finished offices; Blank‑slate storefront with original tin ceilings and wood flooring
More about this property
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