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51 N Main Street

Cloverdale, IN 46120

ActiveListed Mar 27, 2026 · 173 days on market

Key facts

Living area
12,586 sqft
Lot
0.59 acres
Type
Commercial Sale · Retail
MLS #
22091485
County
Putnam
Total building area
12,586 sqft

About this home

Position your business for success in the heart of downtown Cloverdale with this exceptional commercial opportunity! Situated on a prime, high-visibility location along US 231, this versatile property includes 2 large buildings on 2 lots, offering approximately 13,000 SF of combined space, complete with city utilities and valuable off-street parking. Currently configured for 2 separate retail businesses, each building is thoughtfully designed with dedicated warehouse and storage areas-ideal for a wide range of commercial uses. Building #1 features approximately 4,030 SF of retail showroom space and an additional 6,060 SF of warehouse and storage. The retail area has been recently updated with new vinyl plank flooring, fresh paint, modern lighting, new overhead doors and windows, and a newly installed restroom. Large showroom windows provide outstanding exposure and natural light, perfectly positioned to capture attention from steady traffic along US 231. Building #2, newly constructed in 2024, offers approximately 2,880 SF of retail space, complemented by a spacious office, one restroom, and an overhead door for convenient inventory access. This building also features heating and cooling throughout and a welcoming 32' x 12' covered front porch, adding both functionality and curb appeal. With its prime location, flexible layout, and extensive updates, this property is ready to support a variety of business ventures. Whether you're expanding, relocating, or launching something new, this is your opportunity to bring your vision to life in a thriving downtown setting. Schedule your showing today and turn this outstanding commercial space into the home of your next successful venture! Owner Willing to Split into 2 Parcels with 2 Separate Prices.

Description provided by the listing brokerage.

Systems

Utilities
Electricity ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
Downtown

Schools

Elementary school
Cloverdale Elementary School
Middle school
Cloverdale Middle School
High school
Cloverdale High School
School district
Cloverdale Community Schools

Taxes

Estimated annual tax
$2,558 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$6,413per month, estimated
Principal and interest $5,797Property tax $213Insurance $403
20% · $230,000
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$1,150,000
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