Key facts
- Living area
- 396 sqft
- Lot
- 0.2 acres
- Type
- Commercial Sale · Retail
- MLS #
- 22132257
- County
- Owen
- Total building area
- 396 sqft
About this home
Investment Opportunity with Two Rental Income Sources! Conveniently situated on a corner lot in Spencer, this unique property offers income-producing potential with an established commercial rental and a separate mobile home rental site. Formerly a gas station, the 396 sq. ft. building is currently leased as a hair salon and features an open main room, an 8' x 6' bathroom, and a 16' x 16' front canopy. The former gas station tanks have been removed. The property also includes a separately rented mobile home site, providing an additional source of rental income. The mobile home is privately owned and is not included in the sale. Whether you're looking to expand your investment portfolio or explore future commercial possibilities, this property offers a unique opportunity in Spencer. Property use and any proposed changes are subject to applicable zoning and local approvals.
Description provided by the listing brokerage.
Systems
- Heating
- Cooling
- Utilities
Lot and HOA
- 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
- $640 / 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.
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