Active

409 Third Street

Retail • 165Y Old
$525,000 Listed 7 months ago
0.72 Acres
Basement
Share
Property Description

Opportunities are abundant in this Retail/Office C-1 property that has been stylishly restored to accommodate your New Business while already having a tenant for instant rental income that generates $63,000 per year. Located on the high traffic State Rd 120, just 5 miles from the 80/90 Toll Road Interchange, and 10 miles from downtown Shipshewana. This location gives patrons/clients easy access to this stunning Commercial property that has established multiple shops/rental spaces/events and is now ready for you to build your Dream business. The white building was once a hotel and has a grand staircase, beautiful fixtures, and an upstairs ready for you to finish off for apartments, offices, or potential VRBO's. There is also a 30x40 barn that was used as a Pottery Studio, has water, heat & electrical with 4 hook ups for kilns available, or can be transformed into your vision for Events, parties, or storage on the .72 acre lot. Plenty of parking in the front & back, this property is in the Heart of Howe, surrounded by Restaurants, Shops, and across from the Town Park. Close to area lakes, 2 campgrounds, golf courses, and parks for a destination not just a business.

Directions

State Rd 9 to State Rd 120 turn East, buildings on the East side of Street

Property
MLS # 202606829
Date Listed 2026-03-04
Status Active
Property Type Commercial
Property SubType Retail
New Construction No
Type Retail
Basement Yes
Annual Taxes $2,196.24
Year Taxes Payable 2024/2025
Year Built 1861
Virtual Tour youtu.be »
Days on Market 215
Homestead Year No
Room Dimensions
Den 5 × 17640 Level
Master Bedroom 8820 × 14760 Level
3rd Bedroom 3 × 2 Level
External Features
Construction Retail
Lot Size 31,363 sq ft
Acreage 0.72 Acres
Lot Dimensions 178x175
Fence None
Location
Area LaGrange County
County LaGrange
Subdivision None
Township Lima
City Howe
State IN
Zip 46746
Financial
Assoc. Dues $0.00
Contact

By submitting this form you agree to be contacted by Ashley Milakis Spencer about your request. Please see our Privacy Policy.

MLS# 202606829
Listing Provided Courtesy of Noel Frost
Coldwell Banker Real Estate Gr
Cell: 260-585-4112

Listing updated September 5, 2026 at 7:30 am
Last checked 11 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.