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503 W Main Street

Butler, IN 46721
  • $349,000
  • STATUS: Active
  • ON SITE: 77 Days
  • MLS #: 202139716
UPDATED: 60 min ago
$349,000
  • 2
    BEDS
  • 1.43
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,992
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Great Investment Opportunity with multiple diverse income sources. The property is 1.43 acres that is commercially zoned and includes a 48'x58', 2,784 sq. ft. retail/restaurant building. Half of the building currently has a well established very successful Nationally Branded Sandwich Business which has been in business for 28 years. The franchise is part of the sale contingent upon approval. The vacant half of the building is ready for remodeling to hold a retail shop, coffee shop or many other uses. Also located on the property is a very well maintained 14'x66' manufactured home and 15'x22' garage that has a good rental history. The property is located on a major highway in a very high traffic area with retail businesses all around it. There is much of the 1.43 acre corner lot that is currently unused lawn area that could be further developed for additional buildings, etc. Address is 503, 503 1/2 & 505 W. Main St., Butler (There are 3 separate addresses at this parcel).

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© 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Natasha Hernandez Team | Keller Williams. Data last updated: 2021-12-08T10:28:07.43.

www.natashahernandez.com/homes/121639995
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503 W Main Street Butler, IN 46721

  • Price: $349,000
  • Status: Active
  • On Site: 77 Days
  • Updated: 60 min ago
  • MLS #: 202139716
2
Beds
1
Baths
0
½ Baths
1.43
Acres
1,992
SQFT
$175
$/SQFT
1920
Built
Neighborhood:
None
County:
Dekalb
Area:
Dekalb
Elementary School:
Butler
Middle School:
Eastside
High School:
Eastside
School District:
Dekalb Co. Eastern
Property Description
Great Investment Opportunity with multiple diverse income sources. The property is 1.43 acres that is commercially zoned and includes a 48'x58', 2,784 sq. ft. retail/restaurant building. Half of the building currently has a well established very successful Nationally Branded Sandwich Business which has been in business for 28 years. The franchise is part of the sale contingent upon approval. The vacant half of the building is ready for remodeling to hold a retail shop, coffee shop or many other uses. Also located on the property is a very well maintained 14'x66' manufactured home and 15'x22' garage that has a good rental history. The property is located on a major highway in a very high traffic area with retail businesses all around it. There is much of the 1.43 acre corner lot that is currently unused lawn area that could be further developed for additional buildings, etc. Address is 503, 503 1/2 & 505 W. Main St., Butler (There are 3 separate addresses at this parcel).
Exterior Features

Exterior MetalVinyl Lot Description Corner Lot Dimensions 1.43 Acre Outbuilding Outbuilding Outbuilding Sq Ft 330 Parking Spaces 25 Pool YN No Style One Story Unit1 Garage Type Detached Waterfront YN No

Interior Features

Above Grade Bedrooms 2 Above Grade Finished Sqft 1992 Above Grade Unfin Sq Ft 1716 Amenities Off Street Parking Basement Foundation CrawlSlab Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Central Air Dishwashers 0 Disposals 0 Dryers 1 Flooring CarpetConcreteVinyl Tile Heating Fuel Forced AirGas Microwaves 0 Ranges Ovens 1 Refrigerators 1 Rooms Below Grade 0 Total Baths 1 Total Below Grade Sqft 0 Total Sq Ft 3708 Unit1 Basement YN No Unit1 Bathrooms 1 Unit1 Bedrooms 2 Unit1 Sq Ft 924 Wash Dry Hookups 1 Washers 1

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 0 Annual Insurance Expense 0 Annual Maint Expense 0 Annual Misc 0 Annual Net Income -3979 Annual Property Tax 3979 Annual Trash Expense 0 Annual Water Sewer Exp 0 Assoc Dues Frequency Not Applicable Buildings 3 Efficiencies 0 Electric Meters 2 For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 2 Gross Monthly Income 0 Gross Monthly Rent 0 Inside City Limits Yes Lease Term None New Construction No One Bedrooms 0 Owner Pays CoolingElectricHeatingMaintenanceSewerSnow RemovalTaxTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Other Reo YN No Sale Includes BuildingBusinessLandOther Sewer City Tenant Pays Other Three Bedrooms 0 Township Wilmington Two Bedrooms 1 Units Rented 0 Water Meters 2 Water Utility City Year Taxes Payable 20/21

Listing courtesy of Andrew Jagoda of Wible Realty.
© 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Natasha Hernandez Team | Keller Williams.


© 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Natasha Hernandez Team | Keller Williams. Data last updated: 2021-12-08T10:28:07.43.

 
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