503 W Main Street, Butler

$349,000

2 Beds
1 Bath
1,992 Sqft
1.43 Acres
0 Garage

Great Investment Opportunity with multiple diverse income sources. The property is 1.43 acres that is commercially zoned and includes a 48'x58', 2,784 sq. ft. retail/restaurant building. Half of the building currently has a well established very successful Nationally Branded Sandwich Business which has been in business for 28 years. The franchise is part of the sale contingent upon approval. The vacant half of the building is ready for remodeling to hold a retail shop, coffee shop or many other uses. Also located on the property is a very well maintained 14'x66' manufactured home and 15'x22' garage that has a good rental history. The property is located on a major highway in a very high traffic area with retail businesses all around it. There is much of the 1.43 acre corner lot that is currently unused lawn area that could be further developed for additional buildings, etc. Address is 503, 503 1/2 & 505 W. Main St., Butler (There are 3 separate addresses at this parcel).

Essential Information
MLS® #202139716
Price$349,000
Bedrooms2
Bathrooms1.00
Full Baths1
Square Footage1,992
Acres1.43
Year Built1920
TypeMultifamily
Sub-TypeOther
StatusActive
Community Information
Address503 W Main Street
SubdivisionNone
CityButler
CountyDekalb County
StateIndiana
Zip Code46721
Amenities
FeaturesOff Street Parking
Parking Spaces25
Interior
InteriorCarpet, Concrete, Vinyl Tile
HeatingGas, Forced Air
CoolingCentral Air
# of Stories1
StoriesOne Story
BasementCrawl, Slab
Exterior
ExteriorMetal, Vinyl
Lot DescriptionCorner
ConstructionNot Applicable
School Information
DistrictDekalb Co. Eastern
ElementaryButler
MiddleEastside
HighEastside
Additional Information
Days on Market284
ZoningC1
HOA Fees0.00
HOA Fees Freq.Not Applicable
Listing Details
AgentAndrew Jagoda
OfficeWible Realty
LISTING MAP

Get directions to this property:

Properties marked with the icon,are provided courtesy of the Indiana Regional MLS Inc. Internet Data Exchange Database.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Information Deemed Reliable But Not Guaranteed.

MLS Content is copyright © Indiana Regional MLS Inc.

Listing information last updated on July 2nd, 2022 at 3:53am EDT.