112 S Main Street, Nappanee, IN 46550
sale
$420,000
|
Other
Courtesy Of Paradigm Realty Solutions, LLC
Welcome to 112 S Main Street, located right in the heart of downtown Nappanee's vibrant city center. This two-story brick building blends historic Main Street charm with modern updates and turnkey condition - a rare opportunity for owners, occupants, or investors alike. The main floor offers approximately 2,700 sq ft of flexible commercial space that was leased to a professional office tenant through June 2026 at 1.00 per square foot plus utilities. Upstairs, a spacious 1,500 sq ft residential apartment has been tastefully updated and is ready for living or additional rental income. Features: Total area: ~4,200 sq ft (2,700 commercial + 1,500 residential) Updated electrical and plumbing throughout both levels Residential unit: New HVAC system, New kitchen and bath, open layout, and excellent natural light. Renovated to studs and has only had 1 tenant since renovation. Main floor: electrical and plumbing improvements completed; HVAC system is older but in good working order Roofing: new roof over the residential section (which also covers part of the commercial space); rear roof section (approx. 1,200 sq ft) is older but maintained Private apartment entrance with stairway access from Main Street Street and rear parking access Alley frontage on Cartoon Alley - a newly renovated public mural walkway that brings art, color, and visitors to the block ( City is extending Mural Alleys across street creating "Shoe Alley" and making walking paths and downtown amenities all the way to Coppes Commons ) Excellent visibility and curb appeal in the heart of downtown This listing is the commercial portion of the residential listing MLS #202637087. Both properties are being sold together.
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Property Features
- Age: Over 50 Years Old
- Cooling System: Multi Units
- Cooling System: Central Air
- Floor Covering: Wood
- Floor Covering: Laminate
- Legal Description: ORIG PLAT OF NAPPANEE S1/3 EX N 6IN LOT 2 (TIF 80)
- MLSID: 202633330
- Roof Type: Flat
- Roof Type: Shingle
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