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Two-Story Mixed-Use Building
For Sale
$159,700

1530 S A Street, Elwood, IN 46036

Commercial Sale, Elwood, IN

Property SizeContact for details
Lot Size0.02 Acres
Days on Market9

Property Features for 1530 S A Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Elementary school Elwood Elementary School
High school Elwood Jr-Sr High School
Elementary school district Elwood Community School Corp
Middle school district Elwood Community School Corp
High school district Elwood Community School Corp
Directions GPS Friendly
Subdivision 4804 - Madison - Pipe Creek
Standard status Active
APN 480415202068000027
Lot size 0.02 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Op Pt E Pt 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
Tax Annual Amount 736
Legal Description Op Pt E Pt 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:

Utilities

Heating system Other (Heating), Baseboard, Space Heater
Cooling system Central Air

Amenities

storage room
restroom
newer gas furnace
central air conditioning
fully repainted exterior
new south-facing windows

Building Details

Year built 1890
Listing Agency: Keller Williams Indy Metro NE · Keller Williams Realty
Listed By: Diana Dunham · License #RB14040772
Added: Oct 5 Last Checked: Oct 13 at 12:06AM
MLS# 22128020

Copyright © 2026 Broker Listing Cooperative®. 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 two-story mixed-use property pairs ground-floor retail space with an upstairs apartment. The retail area includes storage and a restroom; the residence has a living room, bedroom, bath, and kitchen with appliances. Central air serves the property. Exterior work includes repainting and replacement windows on the south side.

The retail and residential units share water and gas service while maintaining separate electric service. Both spaces are leased on one-year agreements. Built in 1890, the property occupies a 0.02-acre site.

Key Highlights

  • Two‑story layout with ground‑floor retail and an upstairs apartment
  • Retail suite includes a storage room and restroom
  • Apartment has a living room, bedroom, bath, and appliance‑equipped kitchen

Property Analytics

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Current Use

Storefront properties

Suggested Use

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

1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

349
Businesses Nearby
5k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 60% Shops & Services 40%
Papa John's Pizza Dining
3,227 visits/mo 0.2 miles
Village Pantry Shops & Services
2,143 visits/mo 0.1 miles

Demographics for 46036, IN

11,247
Population
5,284
Households
2.1
Avg Household Size
44
Median Age
10%
College-Educated
92%
High-School Grad
80.3 sq mi
ZIP Area
140
Density / Sq Mi
$59,082
Median Household Income
$39,022
Median Earnings
$841
Median Rent
$108,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Retail and residential spaces are separately leased, with electric service metered separately for each unit.
Where is this mixed-use property located?
The property is located at 1530 S A Street Elwood, IN.
What is the asking price?
The asking price for this property is $159,700.
What are key features of this property?
This property features: Two‑story layout with ground‑floor retail and an upstairs apartment; Retail suite includes a storage room and restroom; Apartment has a living room, bedroom, bath, and appliance‑equipped kitchen
More about this property
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