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Three-Story Mixed-Use Building
For Sale
$249,000

8647 W College Street, French Lick, IN 47432

Downtown commercial building with retail frontage, former office space, and expansion flexibility.

Property SizeContact for details
Days on Market48

Property Features for 8647 W College Street

General Information

Standard status Active
Property subtype Land
Listing Agency: Brooks Galloway Real Estate
Listed By: RANDY CHAPLIN
Source: Midwestrealestategroup
Added: Jul 14 Changed: Aug 29 Last Checked: Aug 29 at 11:00AM

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 Brooks Galloway Real Estate

Investment Insights

Based on property information with market context.

The Ritter Building is a three-story commercial property with a full unfinished basement and a footprint measuring 46 feet by 100 feet, totaling over 12,500 square feet. The main level includes retail space, while the rear portion has a split-level entrance and was previously configured for a doctor's office. An elevator shaft is present, and the building’s rubber roof is approximately 15 years old. Most windows have been replaced.

The property occupies a 46-foot-by-145-foot lot at the corner of Maple and College Streets in downtown French Lick. Off-street parking is available. The building has supported a range of prior uses, including furniture retail, a mortuary, an antique mall, medical office space, and a café. An adjoining lot is also available separately, with a mutual access easement contemplated if ownership is divided.

Key Highlights

  • Three stories above grade plus a full unfinished basement
  • Over 12,500 square feet in a 46'x100' building
  • 46'x145' lot at the corner of Maple and College Streets

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick HVAC Service Auto Repair Shop Bakery Grocery & Convenience Store Big Box & Wholesale Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

220
Businesses Nearby

Demographics for 47432, IN

4,429
Population
2,213
Households
2
Avg Household Size
45
Median Age
16%
College-Educated
85%
High-School Grad
77.8 sq mi
ZIP Area
57
Density / Sq Mi
$64,162
Median Household Income
$39,695
Median Earnings
$784
Median Rent
$101,900
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?
Mixed-use property - Downtown commercial building with retail frontage, former office space, and expansion flexibility.
Where is this mixed-use property located?
The property is located at 8647 W College Street French Lick, IN.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Three stories above grade plus a full unfinished basement; Over 12,500 square feet in a 46'x100' building; 46'x145' lot at the corner of Maple and College Streets
More about this property
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