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Two-Unit Retail/Service Building
For Sale
$235,000

418 Defiance Street, Howe, IN 46746

MULTI_FAMILY - Howe, IN

Property Size4,356 SF
Lot Size0.10 Acres
Price / SF$53.95
Days on Market122

Property Features for 418 Defiance Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description B1 and B4
Bedrooms 1
Bathrooms 2
Half bathrooms 2
Rooms Bedroom 1, Basement, Bathroom 1, Bathroom 2
Parking 8
Parking features Off Street
Lot features Corner, Level, 0-2.9999
Elementary school Lakeland Primary
Middle school Lakeland Intermediate
High school Lakeland Jr/Sr
Elementary school district Lakeland School Corp
Middle school district Lakeland School Corp
High school district Lakeland School Corp
Directions SR 9 North turn right on 120 aka Defiance street follow to property on right.
Subdivision LaGrange County
Standard status Active
APN 44-02-30-300-001.100-012
Size 4,356 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description SKAGGS LIMA REPLAT - LOT 1 - .23 AC
Legal Description SKAGGS LIMA REPLAT - LOT 1 - .23 AC

Utilities

Cooling system Central Air

Building Details

Year built 1965
Number of units 2
Flooring type Mixed, Tile, Vinyl, Concrete
Roof type Metal
Listing Agency: Mike Thomas Associates
Listed By: Daniel Orlando · License #RB14051647
Added: Mar 31 Changed: Jul 28 Last Checked: Jul 30 at 4:06PM
MLS# 202610753

Copyright © 2026 Northeastern Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This commercial building contains two rental units with separate utilities, including individual gas meters and separate electric meters, each with a 200-amp service. The property includes a basement area for storage or storm use, finished upper-level storage above one unit, exterior outlets, and lighted signage. Metal roofing is approximately 10 years old, and drainage improvements include downspouts routed to underground piping. A keypad entry is available on a secondary entrance, and the layout provides multiple entry points with ability to modify for overhead doors if desired.

The building is located at 418 E Defiance Street in Howe, directly on State Road 120 with steady daily traffic and strong visibility for a business or investment. One side is currently leased to a dog grooming business, while the other side is open commercial space that was previously used by an HVAC company.

Additional utilities include a new well installed in 2024 and city sewer, along with NIPSCO gas and electric. Parking is available on the east side & US 120 with additional nearby overflow options. The property is zoned B4, supporting a range of commercial uses.

Key Highlights

  • Two‑unit commercial building with separate gas and electric service (both units have individual 200‑amp service).
  • Leased on one side to a dog grooming business; other side is open commercial space previously used by an HVAC company.
  • Located at 418 E Defiance Street, directly on State Road 120 with lighted signage and multiple entry points.

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

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

4
Businesses Nearby

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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two separately metered units with individual 200-amp electric service and gas, plus new well and lighted signage.
Where is this duplex 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‑unit commercial building with separate gas and electric service (both units have individual 200‑amp service).; Leased on one side to a dog grooming business; other side is open commercial space previously used by an HVAC company.; Located at 418 E Defiance Street, directly on State Road 120 with lighted signage and multiple entry points.
More about this property
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