Skip to content

470 W Morgan Street

Spencer, IN 47460

PendingListed Jul 15, 2026 · 79 days on market

Key facts

Lot
0.2 acres
Type
Land · Unimproved Land
MLS #
22114288
County
Owen
Subdivision
No Subdivision

About this home

Put your business where people can see it! Positioned at the prominent intersection of Morgan St/State Rd 46 and Short St, this approximately .22-acre commercial parcel offers excellent corner exposure and a ready-to-use infrastructure setup. Water, sewer, and electric service are already in place, eliminating some of the major groundwork typically required for a commercial site. The property is currently operating as an established food truck destination with four vendors, each equipped with its own dedicated electrical hookup. Whether continuing the existing food truck concept or bringing a different business vision to the site, the combination of location and existing improvements creates a variety of possibilities. With its high-visibility corner location and access to essential utilities, the property could accommodate a range of commercial uses, including retail, service businesses, food-related ventures, or other entrepreneurial concepts. A compact parcel with plenty of potential, this is an opportunity to put a commercial presence in a location designed to be noticed.

Description provided by the listing brokerage.

Exterior

Other structures
Not Applicable

Systems

Water
Public
Sewer
Public Sewer

Lot and HOA

Lot features
City LotCorner LotCurbsSidewalks
Zoning
Commercial

Schools

Elementary school
Spencer Elementary School
Middle school
Owen Valley Middle School
High school
Owen Valley Community High School
School district
Spencer-Owen Community Schools

Taxes

Estimated annual tax
$706 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,272per month, estimated
Principal and interest $1,134Property tax $59Insurance $79
20% · $45,000
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.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$225,000
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.