409 Third Street Howe, IN 46746

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 Updated: Jul 10 at 3:53PM Checked: Jul 19 at 4:42AM

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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

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FAQs

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.