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116 1/2 E Church Street Alexandria, IN $ 599,900
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$ 599,900 Get more info
116 1/2 E Church Street
$ 599,900
Back to search
Share Save

116 1/2 E Church Street

Alexandria, IN, 46001
$ 599,900
Bedrooms-- Baths-- Sq 7,310

Monthly Estimate*

$ 3,694

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Commercial Property for sale in Alexandria, IN

for $599,900. This 7,310 square foot building was built on a lot size of 0.15.

Looking to expand your rental portfolio? Now offering 2 connected Buildings, a total of 7 Units, 7 currently under leased. These units have lots of rental potential, could be used as apartments or business offices. ( Has been a hair studio, and book store. ) Great convenient location, this is Downtown Alexandria across from the city park and Library. Parking lot included, and City parking lot next door. 5 GAS Furnaces , 2 Electric Furnaces. 7 individual meters for electric. This property's Gross income is over $5400 a month. Tenants pays electric and gas. The OUTSIDE RECENTLY PAINTED, NEW TPO ROOF in 2022. Most appliances stay except for the large washer in dryer in the unit rented out to a cleaning company. Some of the Furnaces are newer, There is some newer flooring and drywall throughout, City Water , sewage and trash currently paid by owner. 2 Back Balconies for the tenants upstairs, There is a one car storage area, great for supplies and tools. This property has been owned and maintained for over 15 years , it is being sold AS-IS.

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Commercial Active

Price

$ 599,900

Property Type

Commercial

Taxes

$ 3,346

Style

Multi-Family 5+

Lot Size

0.15

Town/City

Alexandria

County/Region

Madison

MLS | Web ID

22053157
Features
General
Heating Electric Natural Gas
Utilities Septic System Water Connected
Possession Closing Subject to Tenant Rights
Zoning apartments commericial
Garage Spaces 1
Tenant Pays Electricity Gas
Township Monroe
Levels Two
Property Subtype Multi-Family 5+
Tax Year 2024
Current Use Comm Mul Ten Office
Additional Parcels Description 48-05-13-404-123.000-022 and 48-05-13-404-122.000-022
County Madison
New Construction N
Property Type Commercial Sale
Possible Use Comm Mul Ten Office Retail
Status Active
Directions GPS Friendly
City Alexandria
High School District Alexandria Community School Corp
Number Of Units Total 7
MLS Area 4805 - Madison - Monroe
Lot Size Square Feet 7310
Elementary School Alexandria Monroe Elementary School
Current Financing Other
Middle/Junior High School Alexandria-Monroe Jr./Sr. High School
Additional Parcels Y/N Y
Virtual Tour https://videos.backatyou.com/116-1-2-e-church-street-smc1238511637_339146_unbranded_listing_video https://www.homeforsale.at/116_12_E_CHURCH_STREET_khdlp1-72g9?show_listing_video=1
Structure Type Apartment Building
Standard Status Active
Tax Lot 008
Legal Description C & S 34'X132' 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
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Exterior
Exterior Amenities Balcony
Parking Features Attached Asphalt
Lot Features Access City Lot
Building Area Total 7310
Lot Size Acres 0.15
Road Surface Type Asphalt
Road Frontage Type City Street
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Interior
Basement (Y/N) N
Laundry Features Connections Some
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* Excluded Features
List By
Carpenter, Realtors®

Broker

reannasouthard@gmail.com

Email

Affordability Calculator

$3,973
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,694
Monthly Property Taxes
$279
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
4048048 Elementary School
4819499 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/29/2025$599,900 -7.57% Price Down
9/12/2025$649,000 -6.62% Price Down
8/2/2025$695,000 Listed Price

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116 1/2 E Church Street, Alexandria, IN, 46001 is a Commercial Property for sale at $599,900 with 7,310 sqft and a lot size of 0.15. The property's zip code is 46001 which is in Alexandria, IN

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