7874 E State Road 28 Elwood, IN $ 350,000
7874 E State Road 28
$ 350,000
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7874 E State Road 28

Elwood, IN, 46036
$ 350,000
Bedrooms-- Baths-- Sq 8,120

Monthly Estimate*

$ 2,155

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Commercial Property for sale in Elwood, IN

for $350,000. This 8,120 square foot building was built in 1900 on a lot size of 4.09.

High-Traffic Commercial Property Opportunity on State Road 28! Don't miss this outstanding opportunity to own 4.09 acres of prime, multi-purpose commercial property on heavily traveled State Road 28. With excellent visibility and access, this property is perfect for a variety of business ventures. Two buildings, Main Warehouse: Approximately 6,900 sq. ft. featuring two entry doors, an office area, loft, and abundant storage. Metal roof is 2 years old. Office Building: 1,200 sq. ft., fully heated and cooled, connected to city water and sewer, and currently occupied by a reliable HVAC company. This building also has a 2-year-old roof. Additional features include a large paved parking lot, offering flexible use options for your business needs. Billboard rights are included, providing a valuable opportunity for extra income. If you're searching for a high-traffic commercial property with tons of potential-this is it!

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Commercial Active

Price

$ 350,000

Property Type

Commercial

Taxes

$ 1,218

Style

Mixed Use

Lot Size

4.09

Year Built

1900

Town/City

Elwood

County/Region

Madison

MLS | Web ID

22043983

Features
General
Heating Forced Air Natural Gas
Cooling Central Air
Utilities Natural Gas Connected Sewer Connected Water Connected
Possession Negotiable
Roof Asbestos Shingle Metal
Zoning Commerical General
Year Built 1900
Electric 200+ Amp Service
Stories Count 2
Township Madison
Property Subtype Mixed Use
Tax Year 2024
Current Use Office
County Tipton
New Construction N
Property Type Commercial Sale
Possible Use Office
Status Active
Directions GPS Friendly
City Elwood
High School District Elwood Community School Corp
MLS Area 8006 - Tipton - Madison
Lot Size Square Feet 178160
Elementary School Elwood Elementary School
Additional Parcels Y/N N
Standard Status Active
Tax Lot 007
Legal Description Pt Se Se 4.09 Ac 8 -21 -6
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Exterior
Parking Features Detached
Building Area Total 8120
Lot Size Acres 4.09
Road Surface Type Asphalt
Road Frontage Type Highway State Road
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* Excluded Features
List By
Re/Max Real Estate Solutions

Broker

Sky@SkyEstesRealty.com

Email

Affordability Calculator

$2,257
Per Month
96%
4%
0%
Monthly Principal & Interest
$2,155
Monthly Property Taxes
$102
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4047068 Elementary School
4045167 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/16/2025$350,000 -12.50% Price Down
6/11/2025$400,000 Listed Price

Map


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7874 E State Road 28, Elwood, IN, 46036 is a Commercial Property for sale at $350,000 with 8,120 sqft and a lot size of 4.09. 7874 E State Road 28 was built in 1900. The property's zip code is 46036 which is in Elwood, IN