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Two-Unit Flex Building
For Sale
$235,000

418 Defiance Street, Howe, IN 46746

Divided commercial building with separate utilities, an occupied unit, and adaptable space along a primary route.

Property SizeContact for details
Days on Market41

Property Features for 418 Defiance Street

General Information

Standard status Active
Zoning B4

Site & Location

Road Access Yes
Utilities to Site Yes

Additional Details

Power 200 amps

Building Details

Buildings 1
Listing Agency: Mike Thomas Associates
Listed By: Daniel Orlando · License #RB14051647
Source: Midwestrealestategroup
Added: Jul 20 Changed: Aug 28 Last Checked: Aug 28 at 11:25AM

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 Mike Thomas Associates

Investment Insights

Based on property information with market context.

This flex building contains two separately metered commercial units, each with individual gas service and 200-amp electric capacity. One unit is occupied by a dog grooming business, while the second is configured as open commercial space. Multiple entrances, exterior outlets, lighted signage, keypad access, and parking along the east side support day-to-day operations. A basement provides additional storage or storm-use space, and finished upper-level storage is located above one unit. The metal roof is approximately 10 years old, and drainage improvements route downspouts into underground piping.

The property is located at 418 Defiance Street in Howe, directly along State Road 120, approximately 2 miles from the I-80/90 Toll Road at Exit 121 via SR 9 and about 5 miles from US 20. Utilities include a new well installed in 2024, city sewer, NIPSCO gas, and NIPSCO electric. B4 zoning supports a range of commercial uses. The layout may accommodate an owner-user with rental space or continued use as a two-unit commercial property.

Key Highlights

  • Two separate commercial units with individual gas meters and 200‑amp electric service
  • One unit occupied by a dog grooming business; second unit offers open commercial space
  • New well installed in 2024, with city sewer and NIPSCO gas and electric

Property Analytics

Current Use

Puppy Love Pet Grooming Service

Suggested Use

Top Pick Building Supply HVAC Service Auto Parts Store Storage Facility Big Box & Wholesale Store 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.

Lease Details

Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

79
Businesses Nearby
Well-served
Demand for This Use

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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Divided commercial building with separate utilities, an occupied unit, and adaptable space along a primary route.
Where is this flex space located?
The property is located at 418 Defiance Street Howe, IN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two separate commercial units with individual gas meters and 200‑amp electric service; One unit occupied by a dog grooming business; second unit offers open commercial space; New well installed in 2024, with city sewer and NIPSCO gas and electric
More about this property
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