Listing courtesy of Ferris Property Group · Listing agent: Justin Capps
402 N Michigan Street
Argos, IN 46501
Original price $128,000 · Price reduced on September 24, 2026
- Basement
- Bedrooms
- 5
- Bathrooms
- 2
- Living area
- 2,756 sq ft
- Lot
- 0.88 ac
- Year built
- 1898
- Type
- Site-Built Home
- Listed
- July 23, 2026
- MLS #
- 202629701
About this home
Cash-only opportunity with size, character, and rare land potential. Built in 1898, this large turn-of-the-century home sits on 0.88 acres spread across four separate lots and is located close to the schools. The home needs some exterior work to become financeable and could also benefit from interior updates, making it a strong fit for an investor, contractor, or buyer ready to take on a rehab project. Inside, many original details remain, including old woodwork, doors, windows, and floors that give the home the kind of character that is hard to recreate. The property also features a fieldstone foundation, adding to the age and character of the home. The real standout is the land: 0.88 acres across four lots, creating options for yard space, future planning, or possible redevelopment depending on local approvals. This property will not qualify for traditional financing in its current condition. Cash offers only. A rare chance to restore a large 1898 home with original character, close-to-school convenience, and nearly an acre of land across multiple lots.
Monthly payment estimate
$654/mo
- Principal & interest
- $519
- Property taxes
- $107
- Homeowners insurance
- $28
- 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
- Total rooms
- 11
- Total area
- 4,134 sq ft
- Finished area above grade
- 2,756 sq ft
- Unfinished area below grade
- 1,378 sq ft
- Below grade total
- 1,378 sq ft
- Bedrooms above grade
- 5
- Full baths, main level
- 1
- Full baths, upper level
- 1
- Basement
- Full, Michigan Basement, Unfinished
- Flooring
- Hardwood, Carpet
- Heating
- Radiator
- Cooling
- Window Unit(s)
- Laundry
- Electric Dryer Hookup, Upper Level
- Interior features
- High Ceilings, Crown Molding, Pocket Doors, Main Level Bedroom Suite, Washer Hook-Up
Exterior & parking
- Style
- Victorian
- Construction
- Vinyl Siding, Wood Siding
- Roof
- Rubber, Shingle
- Foundation
- Stone
- Parking
- Concrete
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Corner Lot
- Lot size (acres)
- 0.88 ac
- Lot dimensions
- 320x120
- Location type
- City/Town/Suburb
- Inside city limits
- Yes
- County
- Marshall County
- Township
- Walnut
- Platted
- Yes
- Planned unit development
- No
- Directions
- At the corner of Plum and Michigan, 402 N. Michigan is on the west side of Michigan
Schools
- Elementary school
- Argos
- Middle school
- Argos Jr/Sr
- High school
- Argos Jr/Sr
- School district
- Argos Community
HOA & community
- Community amenities
- Sidewalks
Taxes & terms
- Annual taxes
- $1,288
- Tax year
- 2025
- Tax exemptions
- Homestead
- Listing terms
- Cash
- Possession
- At Closing
- Parcel number
- 50-22-90-104-026.000-016
Included in the sale
- Included in sale
- No Appliances Included
Utilities
- Water
- City
- Sewer
- Public Sewer
Income & commercial
- Gas meters
- 12