102 West Main Street

Mentone, IN 46539

$215,000
Price
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Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.

Description

A unique opportunity to acquire a United States Postal Office. The Post Office has occupied this location since the 1960s and is as reliable of a tenant as they come. The USPS lease is easily transferable to a new owner. Additional perks of this property are a new roof in 2018; a leased efficiency apartment; a leased 1-bedroom apartment; and a blank canvas of over 4,000 square feet (+/-) on the second level. The possibilities for the second level are multiple apartments or commercial spaces (contingent...A unique opportunity to acquire a United States Postal Office. The Post Office has occupied this location since the 1960s and is as reliable of a tenant as they come. The USPS lease is easily transferable to a new owner. Additional perks of this property are a new roof in 2018; a leased efficiency apartment; a leased 1-bedroom apartment; and a blank canvas of over 4,000 square feet (+/-) on the second level. The possibilities for the second level are multiple apartments or commercial spaces (contingent on town/county approval). The current income and the potential for development of several more units make this property an attractive option for residential rental specialists who can rely on the postal service lease payments to cover their overhead while they build this property up to its full potential.
  1. Listed by Matt Shively • Center Appraisal Service

Property Details for 102 West Main Street

Subdivision
Mentone
Waterfront
No
LISTING UPDATED: 08/31/2024 12:55 AM

Property Details for 102 West Main Street

StatusActive
MLS #202432892
Days on Market117
Taxes$2,812 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Mixed Use
Year Built1900
Lot Size0.15 AC / 6,534 SF
CountyKosciusko County

Building Information for 102 West Main Street

Stories2Residences-Year Built1900Lot Size0.15 AC / 6,534 SF

Property Information for 102 West Main Street

Summary
Location and General Information
  • Area: Kosciusko County
  • City: Mentone
  • Zip Code: 46539
  • State: IN
  • Township: Harrison
  • Geo Latitude: 41
  • Geo Longitude: -86
  • Road Access: City
  • Fips Code: 18085
  • Directions To Property: This property is located at the northwest corner of Main Street and Broadway Street in Mentone.
Taxes and HOA
  • Annual Taxes: $2,812
  • Year Taxes Payable: 2023 pay 2024
  • Parcel Number Id: 43-09-34-200-288.000-035
Parking
  • Parking: Lot, Off-Street, Paved, Street
Property
Lot Information
  • Class: COMMERCIAL
  • Property Subtype: Mixed Use
  • Approx Lot Size Acres: 0.15
  • Lot Dimensions: 50' x 130'
  • Approx Lot Size Sqft: 6534.0
Property and Assessments
  • New Construction: No
  • Year Built: 1900
  • Age: 124
  • Documents Available: Lease, Utility Bill Information, Rent Roll
  • Planned Unit Development: No
Utilities
  • Sewer: City, Public
  • Water Utility: City, Public
Interior and Exterior Features
Exterior Features
  • Exterior: Brick
  • Platted: Yes
  • Roof Material: Rubber
Interior Features
  • Basement: No
  • Basement/Foundation: Slab
  • Cooling: Central Air, Window
  • Flooring: Carpet, Concrete, Tile
  • Heating/Fuel: Baseboard, Forced Air, Wall Heater
  • Stories: 2
Multi Family
Multi-Family Information
  • Number of Buildings: 1

Property History for 102 West Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 102 West Main Street

This home is within Tippecanoe Valley School Corp.
Rating
School
Type
Grades
Distance
Mentone Elementary School
Public - PK to 5
Tippecanoe Valley Middle School
Public - 6 to 8
Tippecanoe Valley High School
Public - 9 to 12
Akron Elementary School
Public - K to 5
Rating
School
Distance
Mentone Elementary School
PublicPK to 5

Tippecanoe Valley Middle School
Public6 to 8

Tippecanoe Valley High School
Public9 to 12

Akron Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 102 West Main Street, Mentone, IN 46539

102 West Main Street is a mixed use property for sale in Mentone, IN 46539. This property was listed for sale on August 27, 2024 by Center Appraisal Service, it's currently listed at $215,000. This listing's school district is Tippecanoe Valley School Corp. Nearby schools include Mentone Elementary School, Tippecanoe Valley Middle School and Tippecanoe Valley High School. 102 West Main Street is a 0-bed, 0-bath, mixed use property built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Center Appraisal Service

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.