59
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$1,675,000
Est. payment /mo
13,400 SqFt
New
118-120 N Main ST Hebron, IN 46341
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 13,400 sqft
Price per Sqft $125
Subdivision Sweeneys Sub
MLS Listing ID 844226
HOA Y/N No
Year Built 1927
Annual Tax Amount $10,690
Tax Year 2025
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Mixed Use
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 INTERIOR PICTURES OF EVERY UNIT.
Location
State IN
County Porter
Rooms
Basement Other
Interior
Heating Other
Fireplace N
Exterior
Parking Features Off Street, On Street, Additional Parking
View Y/N true
Building
Sewer Public Sewer
Water Public
Others
Tax ID 641410488022000002
Acceptable Financing NRA20260818142103764603000000
Listing Terms NRA20260818142103764603000000
Listed by BHHS Executive Realty • David Harkabus
NEARBY SCHOOL & BUSINESS
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