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Mixed-Use Building with Upper Apartment

1878 N Francis St, Monticello, IN 47960

For Sale
$94,900

Open-layout commercial space includes street-facing display windows and an upper-level apartment.

Property Size4,150 SF
Price / SF$22.87
Days on Market47

Property Features for 1878 N Francis St

General Information

Standard status Active
Size 4,150 SF

Building Details

Year Built 1945
Buildings 2
Listing Agency: VOGEL REAL ESTATE
Listed By: Gregory Vogel II, Gri
Source: Spencerchildersgroup
Added: Sep 21 Changed: Oct 26 Last Checked: Oct 7 at 3:37PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of VOGEL REAL ESTATE

Rey
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Investment Insights

Based on property information with market context.

This 1945 mixed-use commercial building combines an open-layout business area with a residential apartment on the upper level. Street-facing display windows support storefront presentation, while the front building has an updated metal roof and fresh exterior paint. A 32 x 38 pole barn at the rear provides additional storage space.

The property is located at 1878 N Francis St in Monticello, one block from Lake Freeman, the Tippecanoe River, and Norway Dam. A public boat launch is across the street, with restaurants and golf courses nearby. Indiana Beach Amusement Park is also in the surrounding area, along with recreational activities and businesses.

Key Highlights

  • Open‑layout commercial building with an upper‑level residential apartment
  • 32 x 38 pole barn positioned behind the main building for storage
  • Updated metal roof and fresh exterior paint on the front building

Property Analytics

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

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Building Supply Auto Repair Shop Plumbing Service Hair Salon Garden Center

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

33
Businesses Nearby

Demographics for 47960, IN

15,029
Population
9,757
Households
1.5
Avg Household Size
47
Median Age
18%
College-Educated
91%
High-School Grad
118.3 sq mi
ZIP Area
127
Density / Sq Mi
$61,087
Median Household Income
$38,389
Median Earnings
$852
Median Rent
$179,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Open-layout commercial space includes street-facing display windows and an upper-level apartment.
Where is this mixed-use property located?
The property is located at 1878 N Francis St Monticello, IN.
What is the asking price?
The asking price for this property is $94,900.
What are key features of this property?
This property features: Open‑layout commercial building with an upper‑level residential apartment; 32 x 38 pole barn positioned behind the main building for storage; Updated metal roof and fresh exterior paint on the front building
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