Listing courtesy of Milestone Realty, LLC · Listing agent: Kelly Wentzlof · Cell: 574-532-1332
112 N Main Street
Bourbon, IN 46504
- Basement
- Bedrooms
- 2
- Bathrooms
- 2.5
- Living area
- 4,667 sq ft
- Lot
- 0.06 ac
- Year built
- 1915
- Type
- Duplex
- Listed
- August 6, 2026
- MLS #
- 202631963
About this home
Outstanding mixed-use investment opportunity! This move-in-ready commercial building offers exceptional flexibility with a retail/office storefront plus two income-producing apartments. New updates within the past five years with updated flooring, paint, updated electrical and plumbing, mini split in ground level unit and a newer water heater for the upper unit. The spacious upper-level one-bedroom apartment features soaring ceilings, abundant natural light, a full kitchen, and a full bath with a Jacuzzi tub. The main-level one-bedroom includes private front and rear entrances, a full kitchen with appliances, full bath, and in-unit washer and dryer. Maximize your investment by maintaining both rental units, creating additional commercial space, or operating your business downstairs while living upstairs. Perfect for investors, entrepreneurs, or owner-occupants seeking multiple income opportunities. High-visibility location, endless possibilities, and immediate income potential make this a property you won’t want to miss!
Monthly payment estimate
$1,588/mo
- Principal & interest
- $1,149
- Property taxes
- $378
- Homeowners insurance
- $61
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2025 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- Two
- Stories
- 2
- Total area
- 5,144 sq ft
- Finished area above grade
- 4,667 sq ft
- Unfinished area below grade
- 477 sq ft
- Below grade total
- 477 sq ft
- Bedrooms above grade
- 2
- Basement
- Partial, Michigan Basement
- Flooring
- Laminate, Carpet
- Heating
- Forced Air
- Cooling
- Central Air
- Amenities
- Ceiling Fan, Off Street Parking, Storage, Built-In Bookcase, Ceiling-9+, Countertops-Laminate, Eat-In Kitchen, Jet Tub, Water Heater Gas, Washer Hook-Up
Exterior & parking
- Construction
- Block, Wood Siding
- Foundation
- Block
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Level
- Lot size (acres)
- 0.06 ac
- Lot dimensions
- 22.4x126
- County
- Marshall County
- Township
- Bourbon
- Platted
- Yes
- Planned unit development
- No
- Directions
- Hwy 30, to Bourbon Exit (331), 331 south turns into Main Street. Building located in downtown block.
Schools
- Elementary school
- Triton
- Middle school
- Triton
- High school
- Triton
- School district
- Triton School Corporation
Taxes & terms
- Annual taxes
- $4,538
- Tax year
- 2025
- Listing terms
- Cash, Conventional
- Possession
- At closing
- Parcel number
- 50-34-19-103-138.000-002
Included in the sale
- Included in sale
- Building
Utilities
- Water
- City
- Well
- Community
- Sewer
- Public Sewer
Income & commercial
- Units
- 3
- Buildings
- 1
- Annual gross rent
- $27,480
- Net operating income
- $14,362
- Parking spaces
- 4
- Pets allowed
- No
- Tenant pays
- Electricity, Fuel, Trash Collection
- Electric meters
- 2
- Gas meters
- 2
- Water meters
- 1
- Insurance (annual)
- $2,100
- Water & sewer (annual)
- $1,680
- Electric (annual)
- $2,400
- Fuel (annual)
- $2,400