Restored Retail/Office C-1
For Sale
Contact for pricing
409 Third Street, Howe, IN 46746
Stylish commercial property with existing tenant and income.
Property SizeContact for details
Lot Size0.72 Acres
Days on Market170
Property Features for 409 Third Street
General Information
Standard status
Active
Lot size
0.72 Acres
Property subtype
Special Purpose
Building Details
Year Built
1861
Listing Agency:
Coldwell Banker Commercial Roth Wehrly Graber Fort Wayne
Listed By:
Noel Frost · License #IN
Source:
Crexi
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 22 at 5:09PM
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 Coldwell Banker Commercial Roth Wehrly Graber Fort Wayne
Investment Insights
Based on property information with market context.
This retail/office C-1 property has been stylishly restored and offers opportunities for a new business, with an existing tenant providing $63,000 per year in rental income. Situated on State Rd 120, it is located 5 miles from the 80/90 Toll Road Interchange and 10 miles from downtown Shipshewana. The property features a white building, formerly a hotel, with a grand staircase and fixtures. The upstairs area is ready to be finished for apartments, offices, or potential VRBOs. Additionally, there is a 30x40 barn, previously used as a pottery studio, equipped with water, heat, and electrical connections, including 4 hook-ups for kilns. This barn can be transformed for events, parties, or storage. The property is located in the heart of Howe, surrounded by restaurants and shops, and across from the town park. It is also close to area lakes, campgrounds, and golf courses. The property sits on a 0.72 acre lot with parking in the front and back.
Key Highlights
- Generates $63,000 per year in rental income with existing tenant.
- High‑traffic location on State Rd 120, near Toll Road and Shipshewana.
- Restored C‑1 property suitable for retail/office with multiple shops/rental spaces/events.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
10,417 visits/mo
0.3 miles
Phillips 66
Shops & Services
9,229 visits/mo
0.4 miles
Dollar General
Shops & Services
8,067 visits/mo
0.4 miles
Demographics for 46746, IN
4,003
Population
1,602
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
83%
High-School Grad
71.7 sq mi
ZIP Area
56
Density / Sq Mi
$78,250
Median Household Income
$37,191
Median Earnings
$832
Median Rent
$157,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Stylish commercial property with existing tenant and income.
Where is this retail space located?
The property is located at 409 Third Street Howe, IN.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Generates $63,000 per year in rental income with existing tenant.; High‑traffic location on State Rd 120, near Toll Road and Shipshewana.; Restored C‑1 property suitable for retail/office with multiple shops/rental spaces/events.
