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Prime Commercial Opportunity on US 27
For Sale
$139,900

406 Main Street, Lynn, IN 47355

Commercial property on US 27, ideal for drive-thru or retail.

Property SizeContact for details
Days on Market775

Property Features for 406 Main Street

General Information

Standard status Active
Property subtype Retail

Taxes and HOA fees

Annual Taxes $1,066

Amenities

Heat Pump
3
66x300

Building Details

Year Built 1958
Listing Agency: Paul Faddis -
Listed By: Paul Faddis · License #RB15000347
Source: Xome
Added: Jun 29, 2024 Changed: Aug 8 Last Checked: Aug 11 at 5:04AM

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 Paul Faddis -

Investment Insights

Based on property information with market context.

This commercial property is located along US 27, between Winchester and Richmond, near the intersection of US 27 and US 36. The location offers visibility and accessibility in a rural community, surrounded by a school, gas stations, and local businesses. The building is suited for food service or specialty retail operations. It features a 23’ x 8’ prep room equipped with an 8’ x 8’ walk-in freezer and an 8’ x 8’ walk-in cooler, a 19’ x 9’ wash/prep area, and a 23’ x 14’ showroom space. The property is positioned to serve a growing rural market.

Key Highlights

  • High‑traffic location on US 27, offering excellent visibility and accessibility.
  • Functional layout well‑suited for food service or specialty retail, including prep room with walk‑in freezer and cooler.
  • Seller financing is available.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Parking Lot & Garage Building Supply Grocery & Convenience Store Storage Facility Garden Center Butcher

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

88
Businesses Nearby
3k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Marathon Petroleum Shops & Services
3,497 visits/mo 0.3 miles

Demographics for 47355, IN

2,546
Population
1,420
Households
1.8
Avg Household Size
44
Median Age
11%
College-Educated
92%
High-School Grad
63.0 sq mi
ZIP Area
40
Density / Sq Mi
$65,172
Median Household Income
$37,525
Median Earnings
$712
Median Rent
$102,300
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Commercial property on US 27, ideal for drive-thru or retail.
Where is this retail space located?
The property is located at 406 Main Street Lynn, IN.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: High‑traffic location on US 27, offering excellent visibility and accessibility.; Functional layout well‑suited for food service or specialty retail, including prep room with walk‑in freezer and cooler.; Seller financing is available.
More about this property
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