2-4-6-8-10 West High Street - Retail FOR SALE


Redkey, IN 47373
$2,000,000 USD
772-971-7300
2-4-6-8-10 West High Street, Redkey, IN for Sale
$2,000,000 USD
Retail - FOR SALE
1/3
null | 15% Cap Rate

2-4-6-8-10 West High Street
Redkey, IN 47373


HIGHLIGHTS

  • Historic Street Intersection
  • Safe Midwest Neighborhood
  • 2nd floor is hotel being updated process

OVERVIEW

This offering presents a 12,500 SF historic mixed-use asset in the heart of downtown Redkey, featuring a two-story structure (built in 1912) positioned on a prominent corner at a signalized intersection. The property includes ground-floor retail/restaurant space with an upper-level hotel currently under renovation, offering significant upside for value-add investors or owner-users. Flexible in design and zoning, the asset can be adapted beyond traditional hospitality, with potential conversions including multifamily (condos/apartments), office space, event venue, retail expansion, or live/work concepts, capitalizing on its open layout and historic character. Located within Redkey’s revitalizing downtown, the area is experiencing renewed investment and increased activity, with previously vacant buildings being repositioned into dining, retail, entertainment, and community-driven destinations, creating a growing ecosystem for commercial success.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$160 USD /SF

CAP RATE

15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Gray Hotel

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,000 SF

ZONING

retail

APN/PARCEL ID

38-09-23-101-057.000-031

ASK ABOUT THIS PROPERTY

Douglas FleckWorldwide Financial SolutionsMore Info
772-971-7300

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Douglas FleckWorldwide Financial SolutionsMore Info
772-971-7300

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