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South Whitley, IN Residential Income Properties for Sale

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South Whitley Duplex Conversion Opportunity
$144,900
1,536 SF

South Whitley Duplex Conversion Opportunity

103 S Main St, South Whitley, IN 46787

Four-bedroom South Whitley home with duplex conversion potential.

  • House‑hacking opportunity: potential duplex conversion (possible 1‑bedroom upper, 2‑bedroom lower unit).
  • Remodeled kitchen and baths offer modern appeal.
  • Spacious layout featuring a sizable living room and primary suite on the main level.
  • Enjoy covered and screened porches, a 2‑car carport, and exterior storage.
  • Utility room with exterior access designed for shared use.
Updated: Dec 29, 2025
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Restaurant and Home Combo
$225,000
0.11 Acres

Restaurant and Home Combo

101 N State St, South Whitley, IN 46787

Restaurant and residential property package in South Whitley, Indiana.

  • Rare opportunity: Own a fully equipped, established restaurant (Carol's Corner Drive‑In) and a separate 4‑bedroom home in one package.
  • Restaurant includes valuable equipment: Electrofreeze ice cream and slushie machines, Fry Master fryers, Vulcan‑Hart grill, and more.
  • The 2,591 sq ft residence features 4 bedrooms, 2 bathrooms, original hardwood floors, and main‑floor laundry.
  • Ample parking available for the restaurant, plus an attached 1‑car garage and a large detached garage for the residence.
  • Restaurant has a welcoming covered seating/play area and includes the iconic 1989 Volkswagen 'Burger Buggy'.
Updated: May 27, 2025
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Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 2 Active listings in South Whitley, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 8 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

Explore Opportunities in Nearby Cities

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

Commercial Property in Columbia City
$549,900
0.17 Acres

Commercial Property in Columbia City

Commercial property approved for restaurant with duplex and convenience store potential.

201 E Chicago St, Columbia City, IN 46725
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Mixed-Use Retail Space with Apartment
$189,000
0.04 Acres

Mixed-Use Retail Space with Apartment

Retail space with apartment in downtown Columbia City, Indiana.

207 W Van Buren St, Columbia City, IN 46725
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North Manchester Retail and Apartments
$155,900
0.08 Acres

North Manchester Retail and Apartments

Downtown building with retail space and two apartments.

114 E Main St, North Manchester, IN 46962
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Historic Main Street Commercial Opportunity
$194,000
0.11 Acres

Historic Main Street Commercial Opportunity

Two buildings with retail/office fronts and upper-level apartments.

127 E Main St, North Manchester, IN 46962
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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.

South Whitley Commercial Land Available
Contact for pricing
1.26 Acres

South Whitley Commercial Land Available

1.258 acre commercial land with excellent visibility.

605 N State St, South Whitley, IN 46787
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Explore Off-Market Properties in South Whitley, IN

Consider similar Off-Market properties in South Whitley, 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.

526 Market St

526 Market St

APARTMENT HOUSE (UNDER 5 UNITS) • 1,456 SF
Value Estimation
$340,000
526 Market St, South Whitley, IN 46787-1013
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402 Calhoun St

402 Calhoun St

APARTMENT HOUSE (UNDER 5 UNITS) • 2,160 SF
Value Estimation
$320,000
402 Calhoun St, South Whitley, IN 46787-1301
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6620 State Rd 14

6620 State Rd 14

MOBILE HOME PARK, TRAILER PARK • 56.33 Acres
Value Estimation
$300,000
6620 State Rd 14, South Whitley, IN 46787
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506 Flint St

506 Flint St

APARTMENT HOUSE (UNDER 5 UNITS) • 1,440 SF
Value Estimation
$330,000
506 Flint St, South Whitley, IN 46787-1425
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Walnut St

Walnut St

APARTMENT HOUSE (UNDER 5 UNITS) • 1,638 SF
Value Estimation
$370,000
Walnut St, South Whitley, IN 46787
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Flint St

Flint St

APARTMENT HOUSE (UNDER 5 UNITS) • 1,440 SF
Value Estimation
$345,000
Flint St, South Whitley, IN 46787
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702 State St

702 State St

MOBILE HOME PARK, TRAILER PARK • 10.26 Acres
Value Estimation
$340,000
702 State St, South Whitley, IN 46787-1418
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7886 500th S

7886 500th S

MOBILE HOME PARK, TRAILER PARK • 35.81 Acres
Value Estimation
$290,000
7886 500th S, South Whitley, IN 46787-9623
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South Whitley, IN Residential Income Properties Investment Opportunities Market Analysis

Explore 10 residential income properties for sale in South Whitley, IN on our real estate platform. These investment opportunities span a total of 4,576,894 square feet of properties for sale, with an estimated market value of $2,319,900.

Prices for residential income properties in South Whitley, IN start at $144,900, averaging $231,990, and reaching up to $275,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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