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Storefront with Front Canopy
New
For Sale
$139,000

46 E wayne Street, Spencer, IN 47460

COMMERCIAL, Spencer, IN

Property Size396 SF
Lot Size0.20 Acres
Price / SF$351.01
Days on Market4

Property Features for 46 E wayne Street

General Information

Property type Commercial Sale
Property subtype Other
Parking features Off Street
Directions GPS Friendly
Subdivision Owen County
Standard status Active
APN 60-10-20-400-400.685-028
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 4051
Tax Description SPENCER LOT 152
Tax Annual Amount 639
Legal Description SPENCER LOT 152

Building Details

Year built 1923
Flooring type Laminate
Roof type Shingle
Listing Agency: Keith Realty & Auction Group
Listed By: Tilden Keith
Added: Oct 16 Changed: Oct 19 Last Checked: Oct 19 at 7:06PM
MLS# 202643268

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

Rey
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Investment Insights

Based on property information with market context.

The 396-square-foot storefront is occupied by a hair salon. Its interior has an open main room and an 8' x 6' bathroom, with laminate flooring and a 16' x 16' canopy at the front. The building dates to 1923, and the former gas station tanks have been removed.

The 0.2-acre property sits on a corner lot and includes off-street parking. A separate mobile home site is rented; the privately owned home is not part of the sale.

Key Highlights

  • 396‑square‑foot building leased to a hair salon
  • Open main room and 8' x 6' bathroom
  • 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.

Location Intelligence

Trade Area within ½ mile

400
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Storefront property - A leased hair salon occupies the building, with a separately rented mobile home site on the property.
Where is this storefront property located?
The property is located at 46 E wayne Street 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 building leased to a hair salon; Open main room and 8' x 6' bathroom; 16' x 16' front canopy
More about this property
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