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Renovation-Ready Retail Storefront
For Sale
$42,000

207 E Michigan St, New Carlisle, IN 46552

Gutted commercial building offering a flexible starting point for a retail, studio, office, or other business use.

Property Size1,684 SF
Price / SF$24.94
Days on Market73
Rey
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Property Features for 207 E Michigan St

General Information

Standard status Active
Size 1,684 SF

Building Details

Year Built 1870
Listing Agency: RE/MAX 100
Listed By: Jan Lazzara · License #RB14028862
Source: Spencerchildersgroup
Added: Aug 4 Changed: Oct 13 Last Checked: Oct 7 at 3:27PM

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 RE/MAX 100

Investment Insights

Based on property information with market context.

This 1,684-square-foot storefront property dates to 1870 and has been fully gutted, leaving the interior ready for a complete renovation. The existing shell provides a flexible foundation for a new retail concept, studio, office, or other business use supported by the property’s storefront format.

The building is situated in downtown New Carlisle within a commercial district that includes shops, restaurants, boutiques, coffee houses, and local businesses. A fire station is located directly across the street, adding an established civic presence to the surrounding setting.

Key Highlights

  • 1,684‑square‑foot storefront property
  • Constructed in 1870
  • Interior has been gutted for complete renovation

Property Analytics

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Current Use

Storefront properties

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.

Location Intelligence

Trade Area within ½ mile

155
Businesses Nearby
Well-served
Demand for This Use

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
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

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 - Gutted commercial building offering a flexible starting point for a retail, studio, office, or other business use.
Where is this storefront property located?
The property is located at 207 E Michigan St New Carlisle, IN.
What is the asking price?
The asking price for this property is $42,000.
What are key features of this property?
This property features: 1,684‑square‑foot storefront property; Constructed in 1870; Interior has been gutted for complete renovation
More about this property
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