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$1,200,000

For Sale

4 days ago

MLS® 202624020

8 Bed

15 Bath

19000 sqft

22 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 19000 sqft
Garage No
HOA Fees $10,000
Taxes $11,216
Days Active 4
Approx. Age 1906
Avg. Price Per Sqft $63
MLS® Number 202624020

Property Address: 244-234-244 E Main St, Gas City, IN, 46933-1456

Average square foot calculated using Size range provided by listing agent.

Description

Step into opportunity and own a remarkable piece of Indiana history in the heart of downtown Gas City! This stately brick multi-use building combines timeless architectural character with exciting potential for the right investor. The ground floor is home to six attractive storefronts, all fully leased to a variety of businesses including professional offices, a beauty salon, and a sports academy. Above, the second story showcases historic residential apartments with soaring 14-foot ceilings, exposed brick, and hardwood floors that exude charm and character. Of the 12 possible units, 8 have already been thoughtfully renovated and are occupied, while the remaining 4 stand ready for transformation—an excellent opportunity for investors looking to increase cash flow and add long-term value. Even better, the unfinished lofts will now feature a brand-new flat roof—setting the stage for a smoother renovation process. Recent updates add peace of mind, including reinforced foundation, separately metered storefronts, updated commercial front doors and windows, and the convenience of an on-site parking lot. The building’s prime downtown location places it within walking distance of City Hall, the public library, coffee shops, restaurants, and other local favorites—making it a central hub for business and community life. Whether you’re an experienced investor or looking for your next project, this property combines historic charm, modern updates, and outstanding upside—all in one exceptional downtown package. Don’t miss your chance to shape the next chapter of this Gas City landmark.
MLS® Number202624020
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1906
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatNatural Gas
A/CCentral Air, Wall/Window Unit(s)

Extras

Building, Land, Lease

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 18, 2026List Date
$1,200,000List Price
  • Commute

Commute

Starting Address
Destination Address
234-244 E Main St, Gas City, IN

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