Commercial Sale For Sale

118-120 Main Street, Hebron, Indiana

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Property Description

PRIME DOWNTOWN HEBRON MIXED-USE INVESTMENT OPPORTUNITY! This 13,000 sq. ft. commercial building offers 9 units, existing occupancy, and additional income potential. The property generates 13,650 in monthly income with an 8.5 cap rate. Located in the heart of downtown Hebron, this versatile property is fully leased with 2 commercial spaces and 6 apartments, plus an unfinished 1,800 sq. ft. Unit 7 that offers more income by adding a kitchen and bathroom. The property features a fully functional restaurant, a school serving children with mild to severe disabilities, and six apartments, providing a mix of established commercial and residential tenants. There is a large parking lot in the rear plus additional street parking. This is a rare opportunity to acquire a large mixed-use investment property in downtown Hebron. SELLER FINANCING MAY BE CONSIDERED…Major building improvements include ALL-NEW electrical panels & boxes throughout, professionally refinished exterior, new steel rear stairs & railings, new concrete work, gutters, doors & locks, all HVAC serviced, 40k in plumbing, 3/4 of the roof has been replaced; the remaining 1/4 was inspected and determined to be in good condition and not require replacement…Both commercial spaces have been updated with commercial vinyl plank flooring & epoxy flooring in the kitchen, NEW ceilings, fixtures and bathrooms including an ADA-compliant bathroom in the school…Apartments 2-6 have been updated with new kitchens, bathrooms, luxury vinyl plank flooring, new AC units and stainless-steel appliances. Unit 1 features new stainless-steel appliances, while the tenant chose not to relocate so the apartment could be fully renovated… monthly rents are as follows: C1 3000 / C2 3500 / R1-2BDRM 1000 / R2-2BDRM 1200 / R3-1BDRM 1300 / R4-STUDIO 1250 / R5-2BDRM 1400 / R6-2BDRM 1000 / R7 would need work to rent…taxes 10,690…owner paid monthly utilities 850. THERE ARE PICTURES OF ALMOST EVERY UNIT / MORE INTERIOR PICS COMING

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : NRA844226
Price : $1,675,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1927
Lot Area : 7,840 Sqft
Status : Active
Acres : 0.18
Property Subtype 1 : Mixed Use
Status : Active
Features
Heating System : Other
Basement : Yes
Parking : Off Street, On Street, Additional Parking
Address Map
Country : US
State : IN
County : Porter
City : Hebron
Street : Main
Street Number : 118-120
Street Suffix : Street
Postal Code : 46341
Floor Number : 0
Longitude : W88° 47' 59''
Latitude : N41° 19' 9.2''
Directions : LOCATED RIGHT WHERE ROUTS 231, ROUTE 2 (MAIN STREET) AND ROUTE 8 MERGE ON THE WEST SIDE OF ROUTE 2 (MAIN STREET)
Subdivision : Sweeneys Sub
Township : Boone
MLS Addon
Office Name : BHHS Executive Realty
Listing Agent MLS ID : NRA13101
Listing Office MLS ID : NRA121
Annual Tax Amount : $10,690
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Tax Year : 2025
Commercial Sale For Sale
  • Listing ID : NRA844226
  • Bedrooms : 0
  • Bathrooms : 0
  • Lot Area : 7,840 Sqft
$1,675,000
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent