251 North St - Storefront FOR SALE


Danville, IN 46122
$424,900 USD
765-676-6000
251 North St, Danville, IN for Sale
$424,900 USD
Storefront - FOR SALE
1/50
null | 7.35% Cap Rate

251 North St
Danville, IN 46122


HIGHLIGHTS

  • Charming, short term rental options in a progressive market.
  • Flexible uses (4 bedroom 3 bath in main house and a 1 bedroom 1 bath apartment above garage)
  • Rental history available
  • New roof in 2025

OVERVIEW

Fantastic opportunity to own a high-performing Airbnb property in the heart of Danville, IN! This spacious home offers 4 bedrooms and 3 full bathrooms, perfect for short-term rental groups, families, or long-term tenants as well as a 1-bedroom, 1-bath apartment located above the detached garage, currently leased to a reliable tenant, providing steady, additional income. Highlights: ?? Successful, operating Airbnb with proven income history ?? Separate 1 bed / 1 bath apartment over the garage — tenant-occupied for consistent monthly cash flow ?? 4 spacious bedrooms, 3 full bathrooms in the main house ?? Ideal layout for guests — comfortably hosts large groups ?? Well-maintained, modern updates throughout ?? Walking distance from Danville's historic downtown, restaurants, parks, and local attractions ?? Attached garage provides parking and storage options - Detached garage in back. Investment Potential: This property offers dual-income streams with both short-term rental and traditional rental components. Continue operating as an Airbnb for immediate returns or convert to long-term rentals for consistent occupancy. The separate apartment offers flexibility — keep the tenant in place or explore rental increases in alignment with market trends. Location Benefits: Danville is a growing community with a welcoming small-town feel, just a short drive from Indianapolis. Proximity to Hendricks Regional Health, Ellis Park, and Danville's charming downtown area enhances its appeal for both short-term and long-term guests.

FOR SALE DETAILS

PRICE

$424,900 USD

PRICE/SF

$42 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,216 SF

ZONING

residential

APN/PARCEL ID

32-11-03-364-003.000-003

ASK ABOUT THIS PROPERTY

Aaron AlyeaIn-site Real Estate ServicesMore Info
765-676-6000

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Aaron AlyeaIn-site Real Estate ServicesMore Info
765-676-6000

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