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

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6 & 22 W Main Street

$300,000

$44.35 / sq ft

Est. $2,219/mo

Medora, IN 47260

Original price $350,000 · Price reduced on September 29, 2026

Bedrooms
4
Bathrooms
5
Living area
6,765 sq ft
Lot
0.36 ac
Year built
1918
Type
Other
Listed
July 29, 2026
MLS #
202630677

About this home

EXCEPTIONAL. VERSATILE. OPPORTUNITY. Rare opportunity to own TWO adjoining commercial properties in the heart of Medora, offering multiple income-producing spaces and outstanding flexibility for investors, entrepreneurs, or owner-operators. Together, these properties provide the unique opportunity to generate residential rental income while operating one or more businesses from a prime location. The first property features a fully equipped café, complete with a spacious dining area, separate commercial kitchen, restroom, and ample storage, making it ideal for continued restaurant or café operations. Attached to the café is a spacious THREE bedroom, TWO bathroom apartment featuring a bright living room, kitchen, dining area, laundry room, and fenced-in front yard. Also included is a studio apartment filled with natural light, offering an open living area, kitchen with generous cabinet space, and a bathroom with a stand-up shower. Recent improvements include a fire suppression system in the kitchen, all new electrical completed in 2021, all new plumbing completed in 2021, new flooring, and sealed concrete and brick. The second property is situated on a highly visible corner lot and features a spacious storefront with abundant natural light, creating a welcoming environment for customers and clients. Inside, you'll find a flexible open layout, a private office, beautiful hardwood flooring, and plenty of storage, making it well suited for retail, office, boutique, studio, or a variety of other commercial uses. Utilities are provided by Duke, Town of Medora Water, and Midwest Natural Gas. Whether you're looking to expand your investment portfolio, operate multiple businesses, or combine business ownership with residential rental income, this one-of-a-kind offering provides endless possibilities in a convenient location. With four distinct spaces across two properties, this exceptional package presents a rare opportunity to invest, live, work, and grow all in one location.

Monthly payment estimate

$2,219/mo

Principal & interest
$1,642
Property taxes
$489
Homeowners insurance
$88
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.
Change taxes, insurance and more in the full calculator

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Property details

Interior

Levels
One
Stories
1
Total area
6,765 sq ft
Finished area above grade
6,765 sq ft
Bedrooms above grade
4
Basement
Crawl Space
Flooring
Concrete, Laminate, Wood
Heating
Natural Gas
Cooling
Central Air
Amenities
Ceiling Fan, Cable Available, Countertops-Laminate, Landscaped

Exterior & parking

Construction
Brick
Roof
Shingle
Private pool
No
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot features
Irregular Lot
Lot size (acres)
0.36 ac
Lot dimensions
Irregular
Location type
City/Town/Suburb
County
Jackson County
Township
Carr
Platted
Yes
Planned unit development
No
Directions
Take Hwy 50 E. Turn R onto St Rd 235, R onto E Second St, L onto Perry St. Property on the right.

Schools

Elementary school
Medora
Middle school
Medora
High school
Medora
School district
Medora Community School Corp.

Taxes & terms

Annual taxes
$5,863
Tax exemptions
No Exemptions
Listing terms
Conventional
Possession
30 days after closing
Parcel number
36-53-34-104-072.000-004

Included in the sale

Included in sale
Building

Utilities

Water
City
Sewer
Public Sewer
Electric provider
Duke Energy Indiana
Gas provider
Midwest Natural Gas Corp

Income & commercial

Units
4
Annual gross rent
$22,800
Net operating income
$2,897
Lease term
Month To Month
Parking spaces
6
Pets allowed
No
Tenant pays
Electricity
Insurance (annual)
$7,200
Water & sewer (annual)
$840
Electric (annual)
$3,600
Fuel (annual)
$2,400

Location

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$300,000

4 beds · 5 baths