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516 West Main Street Greensburg, IN 47240

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For Sale
$700,000

17-unit multifamily property with recent remodeling and paved parking.

Type:Commercial Sale / Multi-Family 5+
Property size:
4,916 SF
Added:
Aug 19, 2025
Days on Market:
244
Last Refresh:
Mar 13 at 4:36 pm

Property Features for 516 West Main Street

General Information

Standard status
Active
Size
4,916 SF
Property subtype
Commercial Sale / Multi-Family 5+

Building Details

Year Built
1900

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Listing Contact
Laurin Smith
Laurin Smith

Listing agent Laurin Smith License #RB14042781

Listing office Lincoln Realty, Inc.

Listing date Aug 19, 2025

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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 Lincoln Realty, Inc.


Overview

Multifamily Investment Property in Greensburg

This multifamily property offers an investment opportunity with a total of 17 units. The gross annual rents are $164,088, while annual utilities amount to $35,720 and annual taxes are $3,478. Paved parking is available at the rear of the property. Some remodeling was completed in 2022. The building at 518 West Main Street has a total area of 2,084 square feet and contains 8 units, including 2 units with a kitchen and living room/bedroom combination, and 6 efficiency units. All units have private bathrooms. The property at 516 West Main Street consists of three buildings. The front building includes one 2-bedroom unit with a kitchen and bath, along with 2 efficiency units with bathrooms. The buildings behind the front building contain 6 efficiency units, each with a bathroom. The total property size is 4,916 square feet.
Location Intelligence

Current Use by Public Records

Apartment buildings

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Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Greensburg
County
Decatur
State
Indiana
Longitude
-85.49102
Latitude
39.33683

FAQs

What type of property is this?
Apartment building - 17-unit multifamily property with recent remodeling and paved parking.
Where is this apartment building located?
The property is located at 516 West Main Street Greensburg, IN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: High Gross Annual Rents: $164,088; Total of 17 Units; Paved Parking available
More about this property
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