1220 Jackson St Greencastle, IN 46135
This exceptional Greencastle, IN property seamlessly blends commercial and residential spaces. The 4,330 sq ft commercial building features a welcoming reception area, four private offices, a full bath, a well-equipped kitchen, and a spacious conference room complete with furniture. A heated and cooled shop area boasts heavy-duty shelving, a loft, ample storage, a car lift, an air compressor system, a 500lb hoist, and two 14' overhead doors. The property's semi-truck-friendly access and expansive 0.88-acre lot add significant value. The accompanying 3-bedroom, 2-bathroom home underwent a complete remodel in 2019, including new furnace, AC, and plumbing. Modern amenities include a convenient laundry room, an open-concept living area with a gas fireplace, an eat-in kitchen, and a large Russian Oak island—all appliances remain. This unique offering presents a rare opportunity to acquire a high-quality commercial space coupled with a beautifully updated residence, all situated on a generous lot in a desirable location. The property's versatility and comprehensive features make it an ideal investment for a discerning buyer. This is a truly remarkable property that must be seen to be fully appreciated. Further details on the residential portion are available via MLS #21998382.
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Dallas Smith Corporation Department Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.