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25 W Franklin Street

Greencastle, IN 46135

ActiveListed May 17, 2026 · 138 days on market

Key facts

Living area
1,755 sqft
Lot
0.01 acres
Year built
1900
Type
Commercial Sale · Office
MLS #
22102754
County
Putnam
Total building area
1,755 sqft

About this home

1,755 SF mixed-use building on the Putnam County Courthouse Square - one of Greencastle's highest-visibility corners, steps from DePauw University. Zoned for retail, office, with the possibility of residential use (verify with buyer's specific plans). This three-level property offers flexibility for an owner-occupant, investor, or a combination of both. The ground floor delivers a bright, move-in-ready storefront with heavy daytime foot traffic. The second floor is a flexible loft/office space with abundant natural light and downtown views - ideal for a studio, professional office, or potential residential conversion. The partially finished basement adds a meeting room and additional storage, expanding usable square footage. Recent updates include newer heating and air conditioning on both the first and second floors and a brand new on demand water heater in the bathroom. The building retains its 1920 character - exposed brick, tall windows, original moldings- while offering modern systems and move-in-ready condition, reducing near-term capital expenditure for a new owner. Located directly on the courthouse square, the property benefits from consistent local traffic, proximity to established retailers (Kroger, Old National Bank, PNC Bank nearby), and Greencastle's recurring First Fridays events, which regularly bring foot traffic downtown. On-site street parking plus a nearby public lot support both retail customers and staff/tenants.

Description provided by the listing brokerage.

Interior

Security
Smoke Detector(s)

Exterior

Roof
Rubber
Parking and garage
On Street
View
Downtown

Systems

Heating
ElectricForced Air
Cooling
Central Air
Utilities
Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
CB

Schools

Middle school
Greencastle Middle School
High school
Greencastle Senior High School
School district
Greencastle Community School Corp

Taxes

Estimated annual tax
$1,060 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,156per month, estimated
Principal and interest $998Property tax $88Insurance $69
20% · $39,600
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$198,000
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