Individually Owned 
For Sale
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Property summary
This exceptional commercial property, located at 106 Franklin Street in Milan, Indiana, presents a unique investment opportunity. The building, formerly the Milan Theater, boasts a rich history and is situated on a 0.12-acre lot in the heart of town, just around the corner from the Milan 1954 Museum. The brick structure is currently leased to two separate tenants, generating a consistent income stream. The first floor is occupied by a manufacturing business, paying $800 per month in rent. An… upstairs apartment is also leased, bringing in an additional $600 monthly. This translates to a combined monthly rental income of $1400. Tenants are responsible for their own utilities, with separate electric and gas meters. Water and sewer costs are split between the tenants. The property benefits from a recently installed new roof, completed in February 2022. This turnkey investment offers a blend of historical charm and strong rental potential, making it an attractive proposition for discerning investors seeking a stable and profitable venture in a desirable location. The property is priced at $163,000. Appointments must be scheduled in advance to allow sufficient time to notify the tenants.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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