Jay Tenuta

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234-244 E Main Street
Gas City, IN 46933

$1,200,000 - Status: Active
SQFT: 19,000
MLS# 202624020

Step into opportunity and own a remarkable piece of Indiana history in the heart of downtown Gas City! This stately brick multi-use building combines timeless architectural character with exciting potential for the right investor. The ground floor is home to six attractive storefronts, all fully leased to a variety of businesses including professional offices, a beauty salon, and a sports academy. Above, the second story showcases historic residential apartments with soaring 14-foot ceilings, exposed brick, and hardwood floors that exude charm and character. Of the 12 possible units, 8 have already been thoughtfully renovated and are occupied, while the remaining 4 stand ready for transformation?an excellent opportunity for investors looking to increase cash flow and add long-term value. Even better, the unfinished lofts will now feature a brand-new flat roof?setting the stage for a smoother renovation process. Recent updates add peace of mind, including reinforced foundation, separately metered storefronts, updated commercial front doors and windows, and the convenience of an on-site parking lot. The building's prime downtown location places it within walking distance of City Hall, the public library, coffee shops, restaurants, and other local favorites?making it a central hub for business and community life. Whether you're an experienced investor or looking for your next project, this property combines historic charm, modern updates, and outstanding upside?all in one exceptional downtown package. Don't miss your chance to shape the next chapter of this Gas City landmark.

Property Features

MLS#: 202624020
Zip: 46933
Subdivision: Other
Development: Mill
Property Type: Multi Unit - Multiple
Number of Units: 18
Basement: Crawl
Cooling: Central Air, Window
Days on Site: 34
Heating: Gas
Home Style: Other
Lot Size: 0.47 acres
Stories: 2.0
Year Built: 1906

Feature Descriptions

Above Grade Finished SQFT: 19000
Amenities: Cable Ready
Exterior: Brick
Lot Description: Corner
Lot Dimensions: 132X132
Owner Pays: Electric, Fuel, Maintenance, Tax, Trash Collection
Sale Inclusions: Building, Land, Lease
Sewer: City
Tenant Pays: Electric
Total Finished SQFT: 19000
Units: 18
Water: City

Local Schools

High School: Mississinewa
Middle School: R J Basket
Elementary School: Westview/Northview
School District: Mississinewa Community School Corp.

234-244 E Main Street | MLS# 202624020

This multi-family property located at 234-244 E Main Street, Gas City, IN 46933 is currently listed for sale with an asking price of $1,200,000. 234-244 E Main Street is located within the Mississinewa Community School Corp. school district. Search Gas City real estate on www.jaytenuta.com today.

Listed By / Shown By

Listed By

Agency Name: Crandall Real Estate Group
Agency Contact: Cell: 765-251-5676
Agent Name: Tyler Shirley

Shown By

Agent Name: Jay Tenuta
Agent Phone: (219) 393-9163
Agency Title: Coldwell Banker 1st Choice

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AGENT INFORMATION

Coldwell Banker 1st Choice Jay Tenuta (219) 393-9163

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