118-120 N Main ST, Hebron, IN 46341
118-120 N Main ST, Hebron, IN 46341
118-120 N Main ST, Hebron, IN 46341
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$1,675,000
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13,400 SqFt
Active

118-120 N Main ST Hebron, IN 46341

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Maurice Cornett

Maurice Cornett

+1(219) 781-1169

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 13,400 sqft

Price per Sqft $125

Subdivision Sweeneys Sub

MLS Listing ID 844226

HOA Y/N No

Year Built 1927

Annual Tax Amount $10,690

Tax Year 2025

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type Mixed Use

Property Description

PRIME DOWNTOWN HEBRON MIXED-USE INVESTMENT OPPORTUNITY! This 13,000 sq. ft. commercial building offers 9 units, existing occupancy, and additional income potential. The property generates 13,650 in monthly income with an 8.5 cap rate. Located in the heart of downtown Hebron, this versatile property is fully leased with 2 commercial spaces and 6 apartments, plus an unfinished 1,800 sq. ft. Unit 7 that offers more income by adding a kitchen and bathroom. The property features a fully functional restaurant, a school serving children with mild to severe disabilities, and six apartments, providing a mix of established commercial and residential tenants. There is a large parking lot in the rear plus additional street parking. This is a rare opportunity to acquire a large mixed-use investment property in downtown Hebron. SELLER FINANCING MAY BE CONSIDERED...Major building improvements include ALL-NEW electrical panels & boxes throughout, professionally refinished exterior, new steel rear stairs & railings, new concrete work, gutters, doors & locks, all HVAC serviced, 40k in plumbing, 3/4 of the roof has been replaced; the remaining 1/4 was inspected and determined to be in good condition and not require replacement...Both commercial spaces have been updated with commercial vinyl plank flooring & epoxy flooring in the kitchen, NEW ceilings, fixtures and bathrooms including an ADA-compliant bathroom in the school...Apartments 2-6 have been updated with new kitchens, bathrooms, luxury vinyl plank flooring, new AC units and stainless-steel appliances. Unit 1 features new stainless-steel appliances, while the tenant chose not to relocate so the apartment could be fully renovated... monthly rents are as follows: C1 3000 / C2 3500 / R1-2BDRM 1000 / R2-2BDRM 1200 / R3-1BDRM 1300 / R4-STUDIO 1250 / R5-2BDRM 1400 / R6-2BDRM 1000 / R7 would need work to rent...taxes 10,690...owner paid monthly utilities 850. THERE INTERIOR PICTURES OF EVERY UNIT.

Location

State IN

County Porter

Rooms

Basement Other

Interior

Heating Other

Fireplace N

Exterior

Parking Features Off Street, On Street, Additional Parking

View Y/N true

Building

Sewer Public Sewer

Water Public

Others

Tax ID 641410488022000002

Acceptable Financing NRA20260818142103764603000000

Listing Terms NRA20260818142103764603000000

Listed by BHHS Executive Realty • David Harkabus

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Maurice Cornett

Maurice Cornett

Broker Associate License ID: 19001105, 3607323, 475.201736

+1(219) 781-1169

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118-120 N Main ST