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Three-Level Mixed-Use Building
For Sale
$200,000

25 W Franklin Street, Greencastle, IN 46135

Commercial Sale, Greencastle, IN

Property Size1,755 SF
Lot Size0.01 Acres
Price / SF$113.96
Days on Market133

Property Features for 25 W Franklin Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning CB
Parking features On Street
Middle school Greencastle Middle School
High school Greencastle Senior High School
Elementary school district Greencastle Community School Corp
Middle school district Greencastle Community School Corp
High school district Greencastle Community School Corp
Directions GPS Friendly
Subdivision 6714 - Putnam - Greencastle
Standard status Active
APN 670921202076000008
Lot size 0.01 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description O P Lot 100
Tax Annual Amount 1060
Legal Description O P Lot 100

Utilities

Utilities Cable Available
Heating system Electric (Heating), Forced Air
Cooling system Central Air

Amenities

meeting room

Building Details

Year built 1900
Floors in Building 3
Roof type Rubber
Listing Agency: RE/MAX Cornerstone · RE/MAX International
Listed By: Nicole Stanley · License #RB20001058
Added: May 17 Changed: Sep 23 Last Checked: Sep 26 at 7:06AM
MLS# 22102754

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 1,755 SF mixed-use building spans three levels and combines a ground-floor storefront with a second-floor loft or office area. The partially finished basement includes a meeting room and storage. Exposed brick, tall windows, and original moldings retain the building’s historic character, while newer heating and air conditioning serve the first and second floors. A new on-demand water heater serves the bathroom.

Positioned on the Putnam County Courthouse Square at 25 W Franklin Street, the property is near DePauw University and established retailers and banks, including Kroger, Old National Bank, and PNC Bank. CB zoning supports retail and office uses, with potential residential use subject to verification for specific plans. On-street parking and a nearby public lot serve customers, staff, and occupants.

Key Highlights

  • 1,755 SF mixed‑use building arranged across three levels
  • Ground‑floor storefront with second‑floor loft or office space
  • Partially finished basement with meeting room and storage

Property Analytics

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Current Use

Prime Real Estate ... Real Estate Agency TotallyWhole Church Eric Wolfe, Prime ... Real Estate Agency The Eric Wolfe Team Real Estate Agency PRIME real estate ... Real Estate Agency

Suggested Use

Top Pick Pharmacy Garden Center Big Box & Wholesale Store Electrical Service Locksmith Plumbing Service

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

521
Businesses Nearby

Demographics for 46135, IN

19,869
Population
7,148
Households
2.8
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
167.1 sq mi
ZIP Area
119
Density / Sq Mi
$70,847
Median Household Income
$33,314
Median Earnings
$902
Median Rent
$200,900
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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - CB-zoned property combines a storefront, loft-style office area, and partially finished basement.
Where is this mixed-use property located?
The property is located at 25 W Franklin Street Greencastle, IN.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,755 SF mixed‑use building arranged across three levels; Ground‑floor storefront with second‑floor loft or office space; Partially finished basement with meeting room and storage
More about this property
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