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$ 235,000
Est. payment | /mo
4,356 Sqft Lot
$ 235,000
Est. payment | /mo
4,356 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202610756
Year Built 1965
Annual Tax Amount $708
Tax Year 2026
Lot Size 4,356 Sqft
Property Sub-Type Mixed Use
Property Description
Two rentals. Separate Electric meters both with 200 amp Service. Separate Gas meters. BRAND NEW WELL. HIGH VISIBILITY. TENANT IN PLACE THAT WANTS TO STAY. Located at 418 E Defiance Street in Howe, this commercial building sits directly on State Road 120 with steady daily traffic and strong visibility for a business or investment property. The structure is divided into two separate units with individual gas and electric, allowing for mixed-use options including owner-occupant with rental income or full investment use. One side is currently leased to a dog grooming business, providing immediate income, while the other side is set up as open commercial space and was previously used by an HVAC company, making it suitable for service, retail, storage, or light commercial use. The building was originally a bus service facility for the city of Howe IN and you might remember driving by and seeing the back end of the bus extending out of the side of the building. The layout offers multiple entry points and the ability to modify for overhead doors if desired. Utilities include a new well installed in 2024, city sewer, and NIPSCO gas and electric, with both units having INDIVIDUAL 200-amp service. The metal roof is approximately 10 years old, and drainage has been improved with downspouts routed to underground piping. Additional features include a basement area for storage or storm use, finished upper-level storage above one unit, exterior outlets, Lighted signage, and keypad entry on a secondary entrance. Parking is available on the east side with additional nearby overflow options. The property is approximately 2 miles from the I-80/90 Toll Road (Exit 121 at SR 9) and about 5 miles from US 20, providing convenient access for regional travel, service routes, or commuting. Zoning is B4, supporting a range of commercial uses. This is a straightforward opportunity for a user or investor looking for a functional building with income in place, flexible space, and a strong location along a primary route through Howe.
Location
State IN
County Lagrange County
Area Lagrange County
Direction SR 9 North, turn Righ on 120/Defiance street, follow to property on right.
Interior
Flooring Finished, Laminate, Mixed, Tile
Appliance Building, Land
Laundry , 10
Exterior
Roof Type Metal
Total Parking Spaces 10
Building
Story 2
New Construction No
Others
Financing Cash,Conventional
Virtual Tour https://view.mikethomasrealtor.com/order/3d08841f-f6f1-4d16-23f0-08de89980cf0
IDX information provided by the Indiana Regional MLS
Listed by Daniel Orlando • Mike Thomas Associates
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