Building Details

Year built 2014

Flooring type Concrete

Roof type Metal

Listing Agency: Bright Star Real Estate Services LLC Show Phone

Listed By: Jesse Riegsecker · License #RB14046169 Show Phone

Added: May 1 Changed: Jul 6 Last Checked: Jul 31 at 9:06PM

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MLS# 202615978

Copyright © 2026 Elkhart County Board 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 5+ acre commercial property includes two pole buildings: a 40 x 70 structure with a storefront and a 40 x 60 shop-type building with large overhead doors. The site also has 9 operating greenhouses, supporting day-to-day production and on-site retail presentation. The property has been operated as a retail location, and it offers room for expansion depending on how an operator wants to grow.

The property is located at 505 N Morton Street in Shipshewana, Indiana, in LaGrange County. The sale is being conducted as a Phone Bid auction, with bidding scheduled to end on June 9 at 5:00 PM. Open houses are planned for May 12, May 19, and May 26 from 3:00 to 5:00 PM.

For buyers seeking a commercial setup that combines enclosed space for retail and operations with greenhouse capacity, this configuration is designed to support a blended use. The storefront and shop building layout can accommodate customer-facing activity while the overhead doors and operating greenhouses support production workflows. Those considering a growth plan should find the existing improvements a practical starting point for expanded retail, greenhouse operations, or a related commercial use that benefits from multiple functional structures on one site.

Key Highlights

• 5+ acre commercial property offered at Phone Bid auction, bidding ends June 9 at 5:00 pm
• Year built: 2014; metal roof; concrete flooring
• Two pole buildings: 40x70 with storefront and 40x60 shop building with large overhead doors

Property Analytics

Property Profile

Current Use

Retail space

Location Intelligence

Trade Area within ½ mile

22

Businesses Nearby

Explore this area Business Placement

Demographics for 46565, IN

9,104

Population

2,574

Households

3.5

Avg Household Size

27

Median Age

7%

College-Educated

39%

High-School Grad

63.2 sq mi

ZIP Area

144

Density / Sq Mi

$95,578

Median Household Income

$52,902

Median Earnings

$806

Median Rent

$318,800

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?

Retail space - 5+ acre parcel featuring two pole buildings and operating greenhouses, currently set up for retail-style operations.

Where is this retail space located?

The property is located at 505 N Morton Street Shipshewana, IN.

What is the asking price?

The asking price for this property is $955,000.

What are key features of this property?

This property features: 5+ acre commercial property offered at Phone Bid auction, bidding ends June 9 at 5:00 pm; Year built: 2014; metal roof; concrete flooring; Two pole buildings: 40x70 with storefront and 40x60 shop building with large overhead doors