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Multi-Office Building with Character
For Sale
$449,000

23 S Main St, Spencer, IN 47460

Distinctive interior features include hardwood flooring, exposed brick, tin ceilings, and flexible support areas.

Property Size8,052 SF
Price / SF$55.76
Days on Market14

Property Features for 23 S Main St

General Information

Standard status Active
Size 8,052 SF

Amenities

conference rooms
exercise room
kitchenette area

Building Details

Year Built 1900
Listing Agency: West & Co., REALTORS
Listed By: Rene West · License #RB14022952
Source: Kmsrealestategroup
Added: Aug 17 Changed: Aug 29 Last Checked: Aug 29 at 3:09PM

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 West & Co., REALTORS

Investment Insights

Based on property information with market context.

This 8,052-square-foot office building at 23 S Main St in Spencer dates to 1900 and combines a multi-room layout with distinctive interior details. The property includes 4 private offices, 2 conference rooms, 2 full bathrooms, 1 half bathroom, an exercise room, kitchenette area, and substantial storage. Hardwood floors, exposed brick walls, and tin ceilings add architectural character throughout the space.

Positioned on the west side of the square, the building offers a central Spencer location with a configuration suited to a range of office operations. Tours are available by appointment only.

Key Highlights

  • 8,052‑square‑foot office building constructed in 1900
  • 4 separate offices and 2 conference rooms
  • 2 full baths plus 1 half bath

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Kitchen & Bath Showroom 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

407
Businesses Nearby

Demographics for 47460, IN

11,560
Population
5,045
Households
2.3
Avg Household Size
45
Median Age
22%
College-Educated
88%
High-School Grad
150.5 sq mi
ZIP Area
77
Density / Sq Mi
$67,688
Median Household Income
$42,113
Median Earnings
$888
Median Rent
$177,600
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
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Frequently Asked Questions

What type of property is this?
Office building - Distinctive interior features include hardwood flooring, exposed brick, tin ceilings, and flexible support areas.
Where is this office building located?
The property is located at 23 S Main St Spencer, IN.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 8,052‑square‑foot office building constructed in 1900; 4 separate offices and 2 conference rooms; 2 full baths plus 1 half bath
More about this property
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