Key facts
- Living area
- 2,076 sqft
- Lot
- 0.02 acres
- Year built
- 1890
- Type
- Commercial Sale · Mixed Use
- MLS #
- 22128020
- County
- Madison
- Total building area
- 2,076 sqft
About this home
I am pleased to share a great investment opportunity located in downtown Elwood. This two-story property features a main-level retail space complete with a storage room and a restroom. Upstairs apartment offers a spacious living room, bedroom, bath and kitchen equipped with appliances. It also includes a newer gas furnace and central air conditioning. The exterior has been fully repainted with a coordinated color scheme and features new south-facing windows. The two units share water and gas utilities but have separate electric service. Both units are currently leased under one-year agreements.
Description provided by the listing brokerage.
Systems
- Heating
- Cooling
- Utilities
Lot and HOA
- Zoning
- Commercial
Schools
- Elementary school
- Elwood Elementary School
- High school
- Elwood Jr-Sr High School
- School district
- Elwood Community School Corp
Taxes
- Estimated annual tax
- $736 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
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