214 & 218 S Main Street, Kendallville, IN 46755
sale
$419,900
|
Other
Courtesy Of Weichert Realtors - Hoosier Heartland
Excellent investment opportunity in the heart of downtown Kendallville! This mixed-use commercial building offers a fantastic blend of retail and residential income potential. The main level features two commercial storefronts, providing excellent visibility and exposure along a high-traffic downtown corridor. The upper level includes three occupied apartments, consisting of two 1-bedroom, 1-bath units and one spacious 4-bedroom, 1-bath unit, creating multiple income streams. One of the commercial spaces is currently owner-occupied and will be available at closing, presenting an excellent opportunity for an owner-user or investor to lease the space at market rent and increase future income potential. The second commercial space and all three residential units are currently leased. Conveniently located within walking distance of local restaurants, shops, and community events, this property offers a rare opportunity to own a well-maintained mixed-use building in Kendallville's growing downtown district. Whether you're looking to expand your investment portfolio or establish your own business while generating rental income, this property offers exceptional versatility and long-term upside. Don't miss your opportunity to invest in one of downtown Kendallville's premier mixed-use properties!
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Property Features
- Age: Over 50 Years Old
- Cooling System: Central Air
- Floor Covering: Vinyl
- Floor Covering: Wood
- Floor Covering: Tile
- Floor Covering: Carpet
- Legal Description: Mitchells Add N 1/2 Lot 4 & Mitchells Add S1/2 Ex S13' Lot 4
- MLSID: 202625389
- Roof Type: Rubber
- Rooms: Basement
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