15 S Indiana St - Storefront Retail/Office FOR SALE


Greencastle, IN 46135
$509,900 USD
786-515-7455
15 S Indiana St, Greencastle, IN for Sale
$509,900 USD
Storefront Retail/Office - FOR SALE
1/60
null | Request Cap Rate

15 S Indiana St
Greencastle, IN 46135


HIGHLIGHTS

  • Prime downtown location in the center of Greencastle's business district, located near restaurants, retail, entertainment, and community events.
  • Fully renovated in 2025 with over $400,000 invested in improvements offering a Mixed-use asset with commercial and residential income.
  • Walking distance to DePauw University with growing demand for downtown commercial space driven by university activity and local economic development.
  • Airbnb/short-term rental unit on the upper level and Commercial retail/office space on ground floor allows diversified income for owner or investor.

OVERVIEW

**SELLER MOVTIVATED** Turnkey Mixed-Use Investment with Short-Term Rental Income and Commercial Cash Flow Discover a rare opportunity to acquire a fully renovated mixed-use asset in the heart of downtown Greencastle, Indiana—home to prestigious DePauw University and one of the most desirable college-town markets in the Midwest. This historic property has undergone more than $400,000 in recent renovations and capital improvements, creating a turnkey investment opportunity for buyers seeking immediate income potential with minimal deferred maintenance. Positioned in the heart of historic downtown Greencastle, Indiana, this exceptional commercial property offers investors the opportunity to own a landmark location in one of Indiana's most vibrant college communities. Located just steps from DePauw University, a nationally recognized private university with students from across the United States and around the world, this property benefits from year-round traffic generated by students, faculty, alumni, visitors, and local residents. DePauw University has been a cornerstone of the community since 1837 and continues to attract a highly educated and affluent demographic. The building sits adjacent to the iconic Moore's Bar & Grill, a local institution that has served as a destination gathering place for generations and remains one of the most recognizable establishments in Putnam County.

FOR SALE DETAILS

PRICE

$509,900 USD

PRICE/SF

$74 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, undefined

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,690 SF

ZONING

C

APN/PARCEL ID

67-09-21-201-109.000-008

ASK ABOUT THIS PROPERTY

Lissette MartinezmolesLMR Realty, LLCMore Info
786-515-7455

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Lissette MartinezmolesLMR Realty, LLCMore Info
786-515-7455

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.