Building Details

Buildings 1

Tenancy Multi

Listing Agency: Full Canopy Real Estate, LLC

Listed By: Streamlined Realty Show Phone

Source: Streamlinedrealty

Added: Oct 20 Changed: Oct 23 Last Checked: Oct 23 at 6:29AM

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Investment Insights

Based on property information with market context.

This 396-square-foot storefront on a corner lot is leased for use as a hair salon. Its layout includes an open main room, an 8' x 6' bathroom, and a 16' x 16' front canopy. The property was formerly a gas station, and its tanks have been removed.

A separate mobile home site is also rented. The mobile home is privately owned and is not part of the sale. The property is located at 46 E Wayne St in Spencer; proposed changes and property use are subject to zoning and local approvals.

Key Highlights

• 396‑square‑foot storefront currently leased as a hair salon
• Separate rented mobile home site; the privately owned mobile home is excluded from the sale
• Open main room, 8' x 6' bathroom, and 16' x 16' front canopy

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Furniture & Home Goods Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

400

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 47460, IN

11,560

Population

5,045

Households

2.3

Avg Household Size

45

Median Age

22%

College-Educated

88%

High-School Grad

150.5 sq mi

ZIP Area

77

Density / Sq Mi

$67,688

Median Household Income

$42,113

Median Earnings

$888

Median Rent

$177,600

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

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Frequently Asked Questions

What type of property is this?

Storefront property - The leased space is configured for a hair salon and includes a separate rented mobile home site.

Where is this storefront property located?

The property is located at 46 E Wayne St Spencer, IN.

What is the asking price?

The asking price for this property is $139,000.

What are key features of this property?

This property features: 396‑square‑foot storefront currently leased as a hair salon; Separate rented mobile home site; the privately owned mobile home is excluded from the sale; Open main room, 8' x 6' bathroom, and 16' x 16' front canopy