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404 E Washington Street

Greencastle, IN 46135

ActiveListed Jun 2, 2025 · 375 days on market

Key facts

Lot
0.11 acres
Year built
1980
Type
Commercial Sale · Retail
MLS #
22042069
County
Putnam

About this home

Prime commercial opportunity on Hwy. 231 that is walkable to DePauw University & downtown. Unlock the potential of this high-visibility commercial property located directly on Hwy. 231 and just a short walk to the DePauw University campus and Greencastle's vibrant historic downtown. Whether you're launching a new venture or expanding an existing one, this location offers unbeatable exposure and foot traffic in one of the city's most desirable commercial corridors. The property features a 300 sq. ft. building-ideal for a variety of uses under General Business zoning. Think coffee kiosk, boutique retail, food truck hub, office space, or creative studio-the possibilities are wide open. Property could also be redeveloped. Ample on-site parking with three different curb cuts provides convenience and easy access for customers and clients, while the fully remediated lot (with old gas tanks professionally removed) ensures smooth sailing when it comes to environmental inspections and financing. With excellent traffic counts, walkability to key destinations, and a clean slate ready for your ideas, this is a rare opportunity to secure a strategic commercial footprint in a fast-growing area. New sidewalks and curbs with upgraded street lighting on the way. Bring your vision-this property is ready for business!

Description provided by the listing brokerage.

Exterior

Parking and garage
Common

Systems

Utilities
Electricity ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
General Business

Schools

Elementary school
Martha J Ridpath Elementary School
Middle school
Greencastle Middle School
High school
Greencastle Senior High School
School district
Greencastle Community School Corp

Taxes

Estimated annual tax
$702 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$867per month, estimated
Principal and interest $756Property tax $59Insurance $52
20% · $29,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$149,900
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