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Mixed-Use Retail and Apartment Building
For Sale
$339,900

69 S Main Street, Spencer, IN 47460

COMMERCIAL - Spencer, IN

Property SizeContact for details
Lot Size0.07 Acres
Days on Market149

Property Features for 69 S Main Street

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Directions From 46/Morgan Street, turn south on Main St, approximately 2 blocks on the right.
Subdivision Owen County
Standard status Active
APN 60-10-20-400-400.602-028
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 4051
Tax Description SPENCER PT LOT 178
Tax Annual Amount 3425
Legal Description SPENCER PT LOT 178

Utilities

Cooling system Central Air

Building Details

Year built 1882
Flooring type Mixed
Roof type Rubber
Listing Agency: Keith Realty & Auction Group
Listed By: Trent Keith · License #RB16000005
Added: Mar 24 Changed: Aug 4 Last Checked: Aug 19 at 6:06PM
MLS# 202609862

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.

Investment Insights

Based on property information with market context.

This mixed-use building includes a main level with approximately 3,024 square feet of commercial space that is currently rented. The second and third stories contain apartments that are also currently rented. The front of the main level features a picture window and a glass door, and the rear of the building has double doors that open for convenient access.

The commercial entrance is positioned on the building front, while the two apartments are accessed through a separate door to the south side of the commercial entrance. A wide stairwell provides access up to each apartment.

Located on S Main Street on the west side of the Square in downtown Spencer, this property offers a straightforward live-and-work-style configuration with rental units above a street-level commercial space.

Key Highlights

  • Downtown Spencer commercial building on the west side of the Square
  • Main level offers 3,024 SF of commercial space currently rented
  • Second and third stories include apartments currently rented

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Kitchen & Bath Showroom Garden Center

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

400
Businesses Nearby

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

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?
Duplex - Main level retail space and second/third-story apartments are currently rented within a mixed-use building.
Where is this duplex located?
The property is located at 69 S Main Street Spencer, IN.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Downtown Spencer commercial building on the west side of the Square; Main level offers 3,024 SF of commercial space currently rented; Second and third stories include apartments currently rented
More about this property
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