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Renovated Multifamily Property in Butler
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117 S Broadway St, Butler, IN 46721

Recently renovated 18-unit multifamily property in North Butler, Indiana.

Property Size14,238 SF
Lot Size0.30 Acres
Price / SF$55.13
Days on Market768

Property Features for 117 S Broadway St

General Information

Standard status Active
Size 14,238 SF
Class C
Lot size 0.30 Acres
Property subtype Multifamily
Zoning GB

Building Details

Year Built 1900
Year Renovated 2022
Buildings 1
Stories 3
Units 18
Listing Agency: BND Commercial Real Estate
Listed By: Austin Hoskins · License #RB24001390
Source: Crexi
Added: Jul 30, 2024 Changed: Aug 26 Last Checked: Sep 4 at 5:56PM

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 BND Commercial Real Estate

Investment Insights

Based on property information with market context.

Located in North Butler, Indiana, the property at 117 S. Broadway Street is an 18-unit multi-family building. The property contains 14,238 square feet across three floors. Situated on 0.301 acres, the building was extensively remodeled as of 2022, including roof updates and modern interior improvements. Formerly used as exclusive housing for a local manufacturing company, the property includes surface parking, a sprinkler system, and boiler heat. The property benefits from General Business zoning, which allows for a variety of potential uses beyond multi-family housing.

Key Highlights

  • Recently renovated (2022) 18‑unit multi‑family property.
  • General Business zoning allows for a wide variety of potential uses.
  • 14,238 square feet across three floors.**

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Dental Office HVAC Service Nail Salon Grocery & Convenience Store

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

149
Businesses Nearby

Demographics for 46721, IN

4,907
Population
2,075
Households
2.4
Avg Household Size
39
Median Age
12%
College-Educated
89%
High-School Grad
78.5 sq mi
ZIP Area
63
Density / Sq Mi
$67,969
Median Household Income
$41,796
Median Earnings
$810
Median Rent
$124,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Recently renovated 18-unit multifamily property in North Butler, Indiana.
Where is this apartment building located?
The property is located at 117 S Broadway St Butler, IN.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Recently renovated (2022) 18‑unit multi‑family property.; General Business zoning allows for a wide variety of potential uses.; 14,238 square feet across three floors.**
(260) 421-1914 Call to check price and availability
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