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This property is located at the northwest corner of Main Street and Broadway Street in Mentone.

Description

A unique opportunity to acquire a United States Postal Office. The Post Office has occupied this location since the 1960s and is as reliable of a tenant as they come. The USPS lease is easily transferable to a new owner. Additional perks of this property are a new roof in 2018; a leased efficiency apartment; a leased 1-bedroom apartment; and a blank canvas of over 4,000 square feet (+/-) on the second level. The possibilities for the second level are multiple apartments or commercial spaces (contingent on town/county approval). The current income and the potential for development of several more units make this property an attractive option for residential rental specialists who can rely on the postal service lease payments to cover their overhead while they build this property up to its full potential.

Details

  • Property Details

  • MLS #:
    202432892
  • Price
    $215,000
  • Approx. Lot Size Acres
    0.15
  • Approx. Lot Size SqFt
    6,534
  • Class
    Commercial
  • DOM
    5
  • Lot Dimensions
    50' x 130'
  • New Construction
    No
  • Parcel ID#
    43-09-34-200-288.000-035
  • Property Sub-Type
    Mixed Use
  • State
    IN
  • Subdivision
    Mentone
  • Year Built
    1900
  • Zip
    46539
  • Interior Features

  • Other Features

  • Waterfront Y/N
    No

Last updated: December 7 2024, 12:00 AM

Listing courtesy of: Matt Shively, Center Appraisal Service

IDX information provided by the Indiana Regional MLS. 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. Data is deemed reliable but is not guaranteed accurate by the MLS. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

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