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$139,900   Price Analysis
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105 N 8th St
Mitchell, IN 47446
2 bed 3 bath 2,688 SqFt ($52/SqFt)
0.23 acre lot. Built 1950
Listed 2024-04-27, Taxes $2,303
USDA Eligible
near Mitchell, IN
 Restrictions may apply
due to home size

This versatile 1344 sq ft multi-use property offers the perfect blend of retail space and comfortable living quarters.

* Has Contingent Offer *

Ideal for a variety of businesses, the main floor boasts a open showroom, two conveniently located half ba ths, a privat office space, a drive-thru window and a handy kitchenette. Above the commercial space, a fully-equipped 2-bedroom apartment provides a steady second income stream. The apartment features separate entrances for added privacy, a cozy fireplace, modern conveniences like a gas stove, refrigerator and a washer and dryer.

Recent updates include new windows, fresh carpeting throughout the main floor and modern upgrades to lighting. Bonus 60' X 132' adjacent empty lot provides limitless options. Don't miss out on this unique opportunity to own your commercial space and generate additional income in the heart of downtown Mitchell.


Presented by Dustin Van Lue at
RE/MAX Acclaimed Properties.


Property MLS #202414469 from IRMLS

Bedrooms: 2

Total Bathrooms: 1 / 2
Full Bathrooms: 1
1/2 Bathrooms: 2

# of Disposals: 1

Laundry Features: # of Washers: 1, # of Dryers: 1

Cooling Features: Central Air, Multiple Cooling Units
Heating Features: Forced Air, Multiple Heating Systems

Furnished Description: Building, Land
Flooring: Carpet, Vinyl

Basement Description: Slab

Lot Description: Irregular
Lot Size Acres: 0.23
Lot Size Dimensions: 60X164
Lot Size Square Feet: 10019

Driveway: Gravel
Garage Spaces: 6
Garage Description: Gravel, Off Street

Number of Buildings: 1
Number of Units: 2
Number of 2 Bedroom Units: 1

Elementary School: Burris/Hatfield
High School: Mitchell
Middle School: Mitchell
School District: Mitchell Community Schools

Mitchell High School is a public high school located approximately 0.4 miles away.
directions icon Map directions

Mitchell Jr High School is a public middle school located approximately 0.4 miles away.
directions icon Map directions

Burris Elementary School is a public elementary school located approximately 0.9 miles away.
directions icon Map directions

Community Features: Fireplace, Off Street Parking, Attic-Walk-up, Built-In Bookcase, Countertops-Laminate, Detector-Smoke, Utility Sink, Water Heater Electric, Washer Hook-Up

Annual Tax Amount: 3166
Source Listing Status: Cont-AccptngBackupOffers
County: Lawrence County
Directions: Main Street in Mitchell to North of N. 8th Street, lot and building on left.
Tax Year: 2024
Source Property Type: INVESTMENT
Number of Separate Electric Meters: 2
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 1
Owner Pays: Cooling, Electric, Heating, Water
Parcel Number: 47-11-36-331-025.000-005
Property Location: City/Town/Suburb
Township: Marion
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$82,900 + $3,400
$86,300
$2,303
2021$32,800 + $3,400
$36,200
$2,174
2020$32,500 + $3,300
$35,800
$922
2019$32,500 + $3,300
$35,800
$911
2018$31,700 + $3,300
$35,000
$911
2017$31,700 + $3,300
$35,000
$891
2016$31,600 + $3,300
$34,900
$891
2015$31,000 + $3,300
$34,300
$1,047
2013$30,700 + $3,300
$34,000
$1,217
2012$30,900 + $3,300
$34,200
$1,026
2011$24,200 + $3,200
$27,400
$932
2010$24,500 + $3,100
$27,600
$828
2006$23,000 + $2,800
$25,800
$697

Listed 2024-04-27
$139,900
IRMLS
Sold 2020-10-26
$89,900
Public Record

Net Operating Income: -3166

Total Square Feet Living: 2688
Year Built: 1950
Above Grade Finished Area: 2688
Property Age: 74
Roof: Asphalt
Levels or Stories: 2
House Style: Two Story
Total Area Sqft: 2688

Sewer: City
City
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.