Mixed-Use Building with
For Sale
$179,900
316 South Cavin Street, Ligonier, IN 46767
Fully leased property combines commercial storefront space with two residential apartments.
Property Size3,485 SF
Price / SF$51.62
Days on Market282
Property Features for 316 South Cavin Street
General Information
Standard status
Active
Size
3,485 SF
Property subtype
Commercial / Mixed Use
Taxes and HOA fees
Annual Taxes
$2,022
Amenities
Wall AC
2
Yes
Carpet, Ceramic Tile, Laminate
Electric, Hot Water
Full Basement
Brick
Rolled
Building Details
Year Built
1889
Buildings
1
Listing Agency:
eXp Realty, LLC
(888) 611-3912
Listed By:
Amy Cavender · License #RB14030154
(888) 611-3912
Source:
Compass
Added: Nov 21, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:19AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This 3,485-square-foot mixed-use building includes a 1,926-square-foot commercial storefront on the main level and two apartments above. The residential units comprise a one-bedroom, one-bath apartment and a two-bedroom, one-bath apartment, with appliances included. A full basement adds storage and utility space.
The main floor has been prepared for potential restaurant use, including range-hood wiring and restaurant plumbing. Additional improvements include wall-mounted AC mini-splits and a new on-demand water heater. The brick building was constructed in 1889 and features a rolled roof. All units are currently rented, combining commercial and residential occupancy in downtown Ligonier.
The main floor has been prepared for potential restaurant use, including range-hood wiring and restaurant plumbing. Additional improvements include wall-mounted AC mini-splits and a new on-demand water heater. The brick building was constructed in 1889 and features a rolled roof. All units are currently rented, combining commercial and residential occupancy in downtown Ligonier.
Key Highlights
- 3,485‑square‑foot mixed‑use building with commercial and residential components
- 1,926‑square‑foot main‑floor storefront
- Two upstairs apartments: 1 bed/1 bath and 2 bed/1 bath
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 46767, IN
8,599
Population
3,209
Households
2.7
Avg Household Size
30
Median Age
9%
College-Educated
59%
High-School Grad
67.8 sq mi
ZIP Area
127
Density / Sq Mi
$75,827
Median Household Income
$45,377
Median Earnings
$872
Median Rent
$186,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased property combines commercial storefront space with two residential apartments.
Where is this mixed-use property located?
The property is located at 316 South Cavin Street Ligonier, IN.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 3,485‑square‑foot mixed‑use building with commercial and residential components; 1,926‑square‑foot main‑floor storefront; Two upstairs apartments: 1 bed/1 bath and 2 bed/1 bath
