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Three-Unit Triplex with Main-Road Access
For Lease
$250,000

589 Main Street, Whiteland, IN 46184

Individual apartments include living rooms, kitchens, and off-street gravel parking.

Space SizeContact for details
Days on Market49

Property Features for 589 Main Street

General Information

Standard status Active
Property subtype Commercial

Property Condition

Severity Repairs Needed
Evidence with a little TLC

Additional Details

Road Access Yes

Building Details

Year Built 1800
Listing Agency: Bif Ward Real Estate Group
Listed By: Bif Ward
Source: Bifward
Added: Jul 13 Changed: Aug 29 Last Checked: Aug 29 at 5:48AM

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 Bif Ward Real Estate Group

Investment Insights

Based on property information with market context.

This triplex contains three 1 bed/1 bath apartments, with each unit arranged with its own living room and kitchen. The property also provides off-street gravel parking. Built in 1800, the building offers an established residential configuration with one apartment currently occupied; all three units were recently rented.

The property is located at 589 Main Street in Whiteland, Indiana, on a main road surrounded by commercial businesses. Future commercial use is identified as a possibility subject to applicable zoning. The existing three-unit layout supports continued residential income use while preserving flexibility for further evaluation.

Key Highlights

  • Three 1 bed/1 bath units, each with a living room and kitchen
  • One unit currently occupied; all units were recently rented
  • Off‑street gravel parking

Property Analytics

Current Use

Wifeys Home Decor Store

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Spa & Massage Center Restaurant Dental Office

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

Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

274
Businesses Nearby

Demographics for 46184, IN

13,023
Population
5,290
Households
2.5
Avg Household Size
36
Median Age
25%
College-Educated
92%
High-School Grad
18.1 sq mi
ZIP Area
720
Density / Sq Mi
$90,250
Median Household Income
$48,443
Median Earnings
$1,684
Median Rent
$205,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - Individual apartments include living rooms, kitchens, and off-street gravel parking.
Where is this triplex located?
The property is located at 589 Main Street Whiteland, IN.
What is the lease rate?
The lease rate is $250,000.
What are key features of this property?
This property features: Three 1 bed/1 bath units, each with a living room and kitchen; One unit currently occupied; all units were recently rented; Off‑street gravel parking
More about this property
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