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Three-Level Mixed-Use Building
For Sale
$198,000

25 W Franklin Street, Greencastle, IN 46135

Ground-floor retail space is complemented by upper-level office or loft space and a partially finished basement.

Property Size1,755 SF
Price / SF$112.82
Days on Market161

Property Features for 25 W Franklin Street

General Information

Standard status Active
Size 1,755 SF
Property subtype Commercial
Zoning CB

Additional Details

Corner Location Yes

Building Details

Building Size 1,755 SF
Year Built 1900
Year Renovated 2013
Buildings 1
Stories 3
Construction brick
Listing Agency: RE/MAX Cornerstone
Listed By: Nicole Stanley · License #RB20001058
Source: Battsrealestategroup
Added: May 17 Changed: Oct 22 Last Checked: Oct 24 at 12:55AM

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 Cornerstone

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Investment Insights

Based on property information with market context.

This three-level mixed-use building contains 1,755 square feet, with a storefront at street level, loft or office space on the second floor, and a partially finished basement with a meeting room and storage. The upper level may offer potential for residential conversion, subject to the intended plans. Exposed brick, tall windows, and original moldings retain the building’s 1920 character. Heating and air conditioning serve the first and second floors, and the bathroom has an on-demand water heater.

The property is on Putnam County Courthouse Square in Greencastle, near DePauw University, Kroger, Old National Bank, and PNC Bank. Street parking is available on site, with a public lot nearby. First Fridays events bring recurring activity to downtown.

Key Highlights

  • 1,755‑square‑foot building with three levels
  • Ground‑floor storefront and second‑floor loft or office space
  • Partially finished basement includes a 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
21k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Dollar General Shops & Services
6,378 visits/mo 0.3 miles
Phillips 66 Shops & Services
5,814 visits/mo 0.3 miles
PNC Bank Shops & Services
4,577 visits/mo 0.2 miles
Old National Bank Shops & Services
2,726 visits/mo 0.1 miles
Neal Tire & Auto Service Shops & Services
944 visits/mo 0.2 miles

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
View Realmo Analytics

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 - Ground-floor retail space is complemented by upper-level office or loft space and a 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 $198,000.
What are key features of this property?
This property features: 1,755‑square‑foot building with three levels; Ground‑floor storefront and second‑floor loft or office space; Partially finished basement includes a meeting room and storage
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