$210,000

112 N Main St Bourbon, IN 46504

Estimated payment $1,532/month

2 Beds
2.5 Baths
4,667 Sq Ft
$45 Price per Sq Ft

Highlights

  • Whirlpool Bathtub
  • Built-in Bookshelves
  • Forced Air Heating and Cooling System
  • Eat-In Kitchen
  • Ceiling height of 9 feet or more
  • Ceiling Fan

About This Home

Outstanding mixed-use investment opportunity! This move-in-ready commercial building offers exceptional flexibility with a retail/office storefront plus two income-producing apartments. New updates within the past five years with updated flooring, paint, updated electrical and plumbing, mini split in ground level unit and a newer water heater for the upper unit. The spacious upper-level one-bedroom apartment features soaring ceilings, abundant natural light, a full kitchen, and a full bath with a Jacuzzi tub. The main-level one-bedroom includes private front and rear entrances, a full kitchen with appliances, full bath, and in-unit washer and dryer. Maximize your investment by maintaining both rental units, creating additional commercial space, or operating your business downstairs while living upstairs. Perfect for investors, entrepreneurs, or owner-occupants seeking multiple income opportunities. High-visibility location, endless possibilities, and immediate income potential make this a property you won’t want to miss!

Listing Agent

Kelly Jaques

Milestone Realty, LLC Brokerage Phone: 574-532-1332 Listed on: 08/06/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,538

Year Built

  • Built in 1915

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 22.4x126
  • Level Lot

Home Design

  • Duplex
  • Wood Siding
  • Block Exterior

Interior Spaces

  • 2-Story Property
  • Built-in Bookshelves
  • Ceiling height of 9 feet or more
  • Ceiling Fan

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Partially Carpeted
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Whirlpool Bathtub

Laundry

  • Laundry in Kitchen
  • Washer Hookup

Partially Finished Basement

  • Michigan Basement
  • Block Basement Construction

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Schools

  • Triton Elementary And Middle School
  • Triton High School

Utilities

  • Forced Air Heating and Cooling System
  • Community Well
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for building insurance, electric, fuel, sewer, tax, water
  • Assessor Parcel Number 50-34-19-103-138.000-002
  • Seller Concessions Not Offered

Community Details

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Fuel Expense $2,400
  • Insurance Expense $2,100
  • Water Sewer Expense $1,680

Additional Features

  • 3 Units
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,538

Year Built

Built in 1915

Lot Details

2,614 Sq Ft Lot

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1915
  • Style: Two Story
  • Bedrooms: 2
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: Acreage: Auditor Desc: Martins Add N 1/2 S 44Ft L#8 Legal Desc:
  • Parcel Number ID: 50-34-19-103-138.000-002
  • Platted: Yes
  • Amenities: Ceiling Fan, Off Street Parking, Storage, Built-In Bookcase, Ceiling-9+, Countertops-Laminate, Eat-In Kitchen, Jet Tub, Water Heater Gas, Washer Hook-Up
  • Special Features: None

Interior Features

  • Total Sq Ft: 5144
  • Total Finished Sq Ft: 4667
  • Above Grade Finished Sq Ft: 4667
  • Below Grade Sq Ft: 477
  • Basement: Yes
  • Basement Foundation: Michigan Basement, Partial Basement
  • Basement Material: Block
  • Flooring: Laminate, Part Carpet
  • Total Below Grade Sq Ft: 477
  • Number Of Microwaves: 2
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Block, Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Well Type: Community
  • Annual Electric: 2400
  • Annual Fuel Expense: 2400
  • Annual Insurance Expense: 2100
  • Annual Water Sewer Expense: 1680
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 1

Schools

  • Elementary School: Triton

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 22.4x126
  • Estimated Lot Sq Ft: 2614
  • Estimated Lot Size Acres: 0.06

Rental Info

  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Building Insurance, Electric, Fuel, Sewer, Tax, Water
  • Tenant Pays: Electric, Fuel, Trash Collection

Tax Info

  • Annual Property Tax: 4537.58

Multi Family

  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 3
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 2

MLS Schools

  • High School: Triton
  • Middle School: Triton
  • School District: Triton School Corporation

Map

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Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,905 $182,200 $7,100 $175,100
2024 $2,486 $148,000 $7,100 $140,900
2022 $2,486 $83,700 $7,100 $76,600
2021 $3,068 $114,800 $7,400 $107,400
2020 $1,499 $55,600 $7,400 $48,200
2019 $1,440 $53,400 $7,100 $46,300
2018 $1,337 $49,500 $7,100 $42,400
2017 $1,107 $51,300 $7,100 $44,200
2016 $1,140 $52,400 $8,200 $44,200
2014 $1,171 $51,700 $8,200 $43,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/06/2026 08/06/26 For Sale $210,000 -- $45 / Sq Ft
Source: Indiana Regional MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Available
Contract Of Sale $20,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $128,000 New Conventional
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202631963

Indiana Regional MLS

APN: 50-34-19-103-138.000-002

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