214 & 218 S Main Street
Mixed Use | 15,249 SqFt
Marketing description
Excellent investment opportunity in the heart of downtown Kendallville! This mixed-use commercial building offers a fantastic blend of retail and residential income potential. The main level features two commercial storefronts, providing excellent visibility and exposure along a high-traffic downtown corridor. The upper level includes three occupied apartments, consisting of two 1-bedroom, 1-bath units and one spacious 4-bedroom, 1-bath unit, creating multiple income streams. One of the commercial spaces is currently owner-occupied and will be available at closing, presenting an excellent opportunity for an owner-user or investor to lease the space at market rent and increase future income potential. The second commercial space and all three residential units are currently leased.
Investment highlights
- Excellent investment opportunity in the heart of downtown Kendallville
- Mixed-use commercial building offers a fantastic blend of retail and residential income potential
- Main level features two commercial storefronts, providing excellent visibility and exposure along a high-traffic downtown corridor
- Upper level includes three occupied apartments, consisting of two 1-bedroom, 1-bath units and one spacious 4-bedroom, 1-bath unit, creating multiple income streams
- One of the commercial spaces is currently owner-occupied and will be available at closing, presenting an excellent opportunity for an owner-user or investor to lease the space at market rent and increase future income potential
- The second commercial space and all three residential units are currently leased
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