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Live-Work Building with Storefront Spaces
For Sale
$55,000

615 W Main Street, Mitchell, IN 47446

COMMERCIAL - Mitchell, IN

Property SizeContact for details
Lot Size0.08 Acres
Days on Market192

Property Features for 615 W Main Street

General Information

Property type Commercial Sale
Property subtype Other
Lot features City
Directions From SR 37, heading east on Main Street, Property is on the left.
Subdivision Lawrence County
Standard status Active
APN 471136342057000005
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description ORIG W 1/2 LOT 232
Tax Annual Amount 1387
Legal Description ORIG W 1/2 LOT 232

Utilities

Cooling system Wall Unit(s)

Amenities

large display windows
full bathroom

Building Details

Year built 1880
Flooring type Vinyl, Wood, Unfinished, Carpet, Mixed
Roof type Metal
Listing Agency: The Real Estate Co.
Listed By: Haley McLaughlin · License #RB21002683
Added: Feb 10 Changed: Aug 4 Last Checked: Aug 21 at 12:06PM
MLS# 202604180

Copyright © 2026 Bedford 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 live-work building combines front commercial storefront spaces with an apartment in the back. The storefront spaces feature large display windows and each commercial space includes its own full bathroom. The back apartment is a spacious one-bedroom unit with 1.5 bathrooms, with additional room that could be framed out.

Built in 1880, the property sits on a 0.08-acre lot and has a metal roof. Interior finishes include carpet, vinyl, and wood, with some areas listed as mixed and unfinished. Cooling is provided via wall unit(s).

Seller financing is available, with terms subject to accepted offer and conditions.

Key Highlights

  • Front storefront spaces with large display windows
  • Each commercial space includes its own full bathroom
  • Back apartment is a spacious one‑bedroom with 1.5 bathrooms

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Auto Parts Store HVAC Service Storage Facility

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

256
Businesses Nearby

Demographics for 47446, IN

9,425
Population
3,998
Households
2.4
Avg Household Size
44
Median Age
17%
College-Educated
89%
High-School Grad
125.4 sq mi
ZIP Area
75
Density / Sq Mi
$53,182
Median Household Income
$33,680
Median Earnings
$765
Median Rent
$141,200
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Live-work space - Multi-space live-work building with large storefront display windows, each with a full bathroom, plus a 1-bedroom apartment.
Where is this live-work space located?
The property is located at 615 W Main Street Mitchell, IN.
What is the asking price?
The asking price for this property is $55,000.
What are key features of this property?
This property features: Front storefront spaces with large display windows; Each commercial space includes its own full bathroom; Back apartment is a spacious one‑bedroom with 1.5 bathrooms
More about this property
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