Historic Mixed-Use
For Sale
$995,000
234-244 E Main St, Gas City, IN 46933
Downtown property combines leased storefronts with renovated apartments, historic finishes, and additional residential space for future buildout.
Property Size19,000 SF
Price / SF$52.37
Days on Market39
Property Features for 234-244 E Main St
General Information
Standard status
Active
Size
19,000 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
12
Amenities
on-site parking lot
Building Details
Year Built
1906
Buildings
1
Stories
2
Construction
brick
Tenancy
Multi
Listing Agency:
Crandall Real Estate Group
(765) 251-5676
Listed By:
Tyler Shirley
Source:
Spencerchildersgroup
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 25 at 5:30AM
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 Crandall Real Estate Group
Investment Insights
Based on property information with market context.
Located at 234-244 E Main St in downtown Gas City, this 19,000-square-foot brick mixed-use building dates to 1906. The ground floor contains six leased storefronts occupied by professional offices, a beauty salon, and a sports academy. Separately metered storefronts, updated commercial entry doors and windows, a reinforced foundation, and an on-site parking lot are among the property improvements.
The second floor is configured for 12 possible residential units, with eight renovated apartments currently occupied and four unfinished units available for completion. Residential features include 14-foot ceilings, exposed brick, and hardwood floors. The unfinished loft areas are scheduled to receive a new flat roof, supporting a future renovation program.
The property is within walking distance of Gas City Hall, the public library, coffee shops, restaurants, and other downtown businesses and services.
The second floor is configured for 12 possible residential units, with eight renovated apartments currently occupied and four unfinished units available for completion. Residential features include 14-foot ceilings, exposed brick, and hardwood floors. The unfinished loft areas are scheduled to receive a new flat roof, supporting a future renovation program.
The property is within walking distance of Gas City Hall, the public library, coffee shops, restaurants, and other downtown businesses and services.
Key Highlights
- 19,000‑square‑foot brick mixed‑use building constructed in 1906
- Six leased storefronts occupied by offices, a beauty salon, and a sports academy
- Second floor offers 12 possible apartments; 8 renovated units are occupied and 4 remain unfinished
Property Analytics
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Explore this area
Business Placement
Demographics for 46933, IN
6,617
Population
2,939
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
91%
High-School Grad
11.0 sq mi
ZIP Area
602
Density / Sq Mi
$59,398
Median Household Income
$34,267
Median Earnings
$858
Median Rent
$123,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown property combines leased storefronts with renovated apartments, historic finishes, and additional residential space for future buildout.
Where is this mixed-use property located?
The property is located at 234-244 E Main St Gas City, IN.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 19,000‑square‑foot brick mixed‑use building constructed in 1906; Six leased storefronts occupied by offices, a beauty salon, and a sports academy; Second floor offers 12 possible apartments; 8 renovated units are occupied and 4 remain unfinished
