Listing courtesy of Williams Carpenter Realtors · Listing agent: Natasha Johns

Virtual tour
ActiveApartment

116 S Maple Street

$275,000

$81.85 / sq ft

Est. $1,857/mo

Orleans, IN 47452

  • Basement
Bedrooms
1
Bathrooms
2
Living area
3,360 sq ft
Lot
0.06 ac
Year built
1900
Type
Apartment
Listed
July 22, 2026
MLS #
202629554

About this home

VERSATILE. ESTABLISHED. OPPORTUNITY. Prime commercial opportunity offering a versatile layout with one full bathroom, two half bathrooms, and an upper-level apartment, making it ideal for business owners, investors, or those seeking a live-work setup. Step inside to a spacious, well-lit main level, currently operating as a dance studio. The open floor plan provides exceptional flexibility and could easily accommodate a variety of commercial uses, including retail, office space, fitness or dance instruction, salon services, creative studios, or professional services. A convenient half bathroom serves the main level, while the open layout allows for efficient operations and customer flow. Located at the rear of the building is a private entrance leading to the upper-level apartment. Upstairs, you'll find a welcoming foyer with a cozy electric fireplace, a large open living room and kitchen, a spacious bedroom filled with natural light, an additional one full and a half bathroom, and a laundry area. The apartment comes complete with kitchen appliances, providing an excellent opportunity for owner occupancy, employee housing, or rental income. Whether you're looking to establish your own business, expand your investment portfolio, or take advantage of a property that offers both commercial and residential functionality, this unique property delivers outstanding flexibility and long-term potential. Some of the most recent updates include all new wiring, all new plumbing, and new flooring throughout. Additional improvements include new front windows and front door, both bathrooms updated, and a remodeled kitchenette. The property also features new hot water heaters and all appliances are included. Exterior updates include a new "face" on the building and a rear concrete pad. With a flexible commercial layout, valuable upper-level living quarters, and endless possibilities for business or investment, this property is ready to bring your vision to life.

Monthly payment estimate

$1,857/mo

Principal & interest
$1,505
Property taxes
$272
Homeowners insurance
$80
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: the seller's 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
3,360 sq ft
Finished area above grade
3,360 sq ft
Bedrooms above grade
1
Basement
Partial
Flooring
Mixed
Heating
Natural Gas, Forced Air
Cooling
Central Air
Amenities
Off Street Parking

Exterior & parking

Construction
Brick
Parking
Off Street
Private pool
No
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot features
Irregular Lot
Lot size (acres)
0.06 ac
Lot dimensions
24 x 102
County
Orange County
Township
Orleans
Road frontage
City Street
Road surface
Concrete
Platted
Yes
Planned unit development
No
Directions
Take 37 S to Orleans. Property on the left of the square.

Schools

Elementary school
Orleans
Middle school
Orleans
High school
Orleans
School district
Orleans Community Schools

Taxes & terms

Annual taxes
$3,267
Tax exemptions
No Exemptions
Listing terms
Conventional, USDA Loan, FHA, VA
Possession
30 days after closing
Parcel number
59-02-30-304-146.001-010

Included in the sale

Included in sale
Building

Utilities

Water
City
Sewer
Public Sewer
Electric provider
Duke Energy Indiana
Gas provider
Indiana Natural Gas
Water provider
Town of Orleans

Income & commercial

Units
1
Annual gross rent
$9,600
Net operating income
$3,576
Lease term
Negotiable
Parking spaces
3
Pets allowed
No
Tenant pays
Electricity, Fuel, Heat
Insurance (annual)
$357
Water & sewer (annual)
$1,200
Electric (annual)
$1,200

Location

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$275,000

1 bed · 2 baths