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Listed by RE/MAX 100
$469,000
Est. payment /mo
3 Baths
0.27 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID IRM202610859
HOA Y/N No
Year Built 1947
Annual Tax Amount $5,397
Tax Year 2025
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 81X146
Property Sub-Type Office
Property Description
~~Prime Investment Opportunity – Historic Studebaker Office/Home Zoned Commercial & Residential~~ Don't miss this rare chance to own a beautifully preserved 1884 Studebaker-built property offering dual zoning for both commercial and residential use, making it perfect for investors, entrepreneurs, or professionals seeking a unique and functional space. Located on high-visibility South Michigan Street, this property includes the main building and two additional vacant lots, ideal for future development, expanded parking, or additional structures. Currently set up for mixed-use, the property features a spacious main floor that has operated as professional office space, with a private entrance, multiple office rooms, a half bath with an original marble sink, formal meeting room, and a grand foyer with an original ceramic fireplace. The second floor offers additional office or living space, including built-in shelving, an exterior door to a covered porch, and access to four bedrooms and a full bath. The lower level includes a large meeting or entertainment area, full bath, storm shelter, and additional rooms for workspace, storage, or staff use. With over 5,000 seasonal blooms and professionally landscaped grounds, the property creates a welcoming atmosphere for clients or guests. Structural enhancements, including seven steel beams and a full poured concrete foundation, make the building sturdy and adaptable for future use. A third-floor walk-up attic adds valuable storage, and the shed with electricity supports additional utility needs. This versatile space is perfect for law offices, accounting firms, creative studios, boutique businesses, or a charming bed & breakfast/Airbnb. Investors will appreciate the multiple revenue streams possible through live/work arrangements, office and short-term rentals, or mixed-use configurations. The wired fire alarm system, in-ground sprinkler, private parking lot, and low taxes only add to its appeal. This is a truly unique property—rich in history, unmatched in craftsmanship, and loaded with income-generating potential. Properties like this rarely come to market.
Location
State IN
Rooms
Basement Full, Partially Finished
Interior
Heating Conventional
Inclusions Building, Land
Fireplace N
Exterior
Parking Features Parking Lot, Paved
Waterfront Description None
View Y/N true
Building
Sewer Public Sewer
Water City
New Construction No
Others
Pets Allowed No
Tax ID 71-08-24-326-003.000-026
Acceptable Financing IRM202610859
Listing Terms IRM202610859
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202610859
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IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.
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