Skip to content

9987 S IN-243

Cloverdale, IN 46120

ActiveListed Oct 1, 2026 · 1 day on market

Key facts

Living area
2,100 sqft
Lot
1.4 acres
Type
Commercial Sale · Mixed Use
MLS #
22129117
County
Putnam
Total building area
2,100 sqft

About this home

Well-located commercial building on a main highway less than a mile from Interstate 70, with over 2,000 vehicles passing daily and Cataract Lake just a few miles away. The building is set up as two spaces. One half has operated as a bait and tackle shop selling live bait, fishing gear, boating gear, alcohol, and ammo. The other half is a small restaurant that has served pizza and ice cream. Highway visibility, steady traffic, and lake-bound travelers make this a strong spot for a retail, food service, or combined concept. The real estate is available on its own, and the seller will also sell all inventory and equipment separately, so a buyer can choose the building alone or add a fully stocked and equipped setup. The existing business is not included in the sale.

Description provided by the listing brokerage.

Exterior

Parking and garage
Gravel

Systems

Utilities
Electricity ConnectedNatural Gas ConnectedSeptic SystemWater Connected

Lot and HOA

Zoning
Commercial

Schools

School district
Cloverdale Community Schools

Taxes

Estimated annual tax
$2,268 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,537per month, estimated
Principal and interest $1,260Property tax $189Insurance $88
20% · $50,000
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$250,000
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.