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    Spencer, IN Mixed-use Properties for Sale

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    Gosport, IN Ellettsville, IN Bloomington, IN
    Downtown Spencer Commercial Property
    $339,900
    3,024 SF

    Downtown Spencer Commercial Property

    69 S Main Street, Spencer, IN 47460

    Commercial property with retail space and apartments in downtown Spencer.

    • Prime location on the west side of the Square in downtown Spencer.
    • 3024 sq ft of currently rented commercial space on the main level.
    • Two additional stories with currently rented apartments.
    • Separate entrance for apartments, distinct from the commercial space.
    • Building constructed with brick.
    Updated: Mar 24
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    Mixed-Use Portfolio with Church Facility
    $649,900
    0.40 Acres

    Mixed-Use Portfolio with Church Facility

    168 N Harrison Street, Spencer, IN 47460

    Three-property portfolio featuring a church, triplex, and single-family home.

    • Unique portfolio includes a church, triplex, and single‑family home, offering diverse income or usage options.
    • Church building available for separate purchase, ideal for owner‑users, nonprofits, or adaptive reuse.
    • Church features a sanctuary (seats 100), fellowship hall, and basement with rooms for classrooms/offices/storage.
    • Single‑family home includes four bedrooms, updated kitchen, remodeled bathroom, and new flooring on the main level.
    • Residential triplex provides three rental units (1BR, 2BR, 3BR) for immediate income potential.
    Updated: Jan 23
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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 2 Active listings in Spencer, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Landmark Property with I-69 Visibility
    $799,000
    1,797 SF

    Landmark Property with I-69 Visibility

    Unique mixed-use property with retail, warehouse, and residential spaces.

    8300 N Wayport Road, Bloomington, IN 47408
    View details
    Corner Lot Mixed-Use Building
    $380,000
    2,580 SF

    Corner Lot Mixed-Use Building

    High-visibility corner lot suitable for retail, office, or auto businesses.

    709 Morton Avenue, Martinsville, IN 46151
    View details
    Versatile Commercial Property on State Road
    $449,999
    1.27 Acres

    Versatile Commercial Property on State Road

    Commercial property with residential potential on a 1.274-acre lot.

    4890 W State Road 46 Road, Bloomington, IN 47404
    View details
    Downtown Martinsville Commercial Property
    $620,000
    8,739 SF

    Downtown Martinsville Commercial Property

    8,000 sqft commercial building in downtown Martinsville, Indiana.

    160 E Morgan Street, Martinsville, IN 46151
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Land Opportunity
    $1,700,000
    8.58 Acres

    Prime Commercial Land Opportunity

    8.58 acres of commercially zoned land in Bloomington, Indiana.

    4833 W Arlington Road, Bloomington, IN 47404
    View details
    Downtown Bloomington Commercial Land Available
    $1,200,000
    0.66 Acres

    Downtown Bloomington Commercial Land Available

    Prime 0.66-acre downtown Bloomington land for multi-family or commercial development.

    542 S Walnut Street, Bloomington, IN 47401
    View details
    Bloomington Land Redevelopment Opportunity
    $1,749,000
    5.56 Acres

    Bloomington Land Redevelopment Opportunity

    Prime 5.56-acre land parcel for residential development.

    2113 S Rogers Street, Bloomington, IN 47403
    View details
    Development-Ready Multifamily Site
    $235,000
    0.68 Acres

    Development-Ready Multifamily Site

    0.68-acre RM-zoned site in Bloomington, Indiana.

    2101 1/2 S Rogers Street, Bloomington, IN 47403
    View details

    Off-Market Properties in Spencer, IN

    Consider similar Off-Market properties in Spencer, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3583 State Hwy
    Mixed-use properties
    1,960 SF Lot: 4.12 Acres
    Value Estimation by Request

    3583 State Hwy, Spencer, IN 47460

    View details
    370-330 Morgan St
    Mixed-use properties
    3,348 SF Lot: 0.59 Acres

    370-330 Morgan St, Spencer, IN 47460

    View details

    Spencer, IN Mixed-Use Properties Investment Opportunities Market Analysis

    Explore 4 mixed-use properties for sale in Spencer, IN on our real estate platform. These investment opportunities span a total of 3,024 square feet of properties for sale, with an estimated market value of $339,900.

    Sale prices for multi use buildings in Spencer, IN start at $339,900, averaging $339,900, and reaching up to $339,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 11K
    Population Growth (5Y) +4.4%
    Median Household Income $67,688
    College Educated 29.5%

    High-Yield Neighborhoods for Investment

    Identify Spencer submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    47460 $494.9K

    Taxes & Financing

    Tax Rate (average for all types) 1.89%
    Property Tax per SF $34.39 per sq ft
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

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