516 & 518 W Main Street Greensburg, IN ^$ 700,000

516 & 518 W Main Street

^$ 700,000

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516 & 518 W Main Street

Greensburg, IN, 47240

^$ 700,000

Bedrooms-- Baths-- Sq 4,916

Monthly Estimate*

^$ 4,310

516 & 518 W Main Street, Greensburg, IN 47240 - Image 1

516 & 518 W Main Street, Greensburg, IN 47240 - Image 2

516 & 518 W Main Street, Greensburg, IN 47240 - Image 3

516 & 518 W Main Street, Greensburg, IN 47240 - Image 4

516 & 518 W Main Street, Greensburg, IN 47240 - Image 5

516 & 518 W Main Street, Greensburg, IN 47240 - Image 6

Commercial Property for sale in Greensburg, IN

for $700,000. This 4,916 square foot building was built in 1900 on a lot size of 0.3.

INVESTMENT OPPORTUNITY Gross Rents are 164,088 yr Utilities are 35,720 yr. Taxes are 3,478 yr. Paved parking in back. Some remodeling in 2022 to current. 518 is 2,084 sf with 8 units, 2 have a Kitchen & Livingroom/Bedroom Combo & 6 are efficiency units. All have private bathrooms. 516 is 3 Buildings - The front building is 1- 2Bedroom Kit & Bath, 2 Efficiency units w/Baths. The buildings behind are all efficiency units with bathrooms x 6. 17 UNITS TOTAL.

Commercial Active

Price

^$ 700,000

Property Type

Commercial

Taxes

^$ 3,478

Style

Multi-Family 5+

Lot Size

0.3

Year Built

1900

Town/City

Greensburg

County/Region

Decatur

MLS | Web ID

22073536

Features

General

Heating Baseboard Electric

Cooling None

Utilities Cable Connected Electricity Connected Natural Gas Connected Sewer Connected Water Connected See Remarks

Possession Subject to Tenant Rights

Roof Asphalt Shingle

Zoning family apartments 401

Year Built 1900

Electric 200+ Amp Service

Tenant Pays No Utilities

Stories Count 1

Township Washington

Levels One

Property Subtype Multi-Family 5+

Tax Year 2024

Current Use Apt>20

Building Name The Alley

Additional Parcels Description 161102340080000016

County Decatur

New Construction N

Property Type Commercial Sale

Facing Direction South

Possible Use Apt>20

Status Active

Directions GPS Friendly

High School Greensburg Community High School

City Greensburg

High School District Greensburg Community Schools

Number Of Units Total 17

MLS Area 1605 - Decatur - Washington

Lot Size Square Feet 1440

Elementary School Greensburg Elementary

Property Attached Y/N Y

Current Financing Conventional

Middle/Junior High School Greensburg Community Jr High

Additional Parcels Y/N Y

Structure Type Apartment Complex

Standard Status Active

Tax Lot 0

Legal Description W 1/2 Lot 34 Blk 6 Ireland's & E 1/2 Lot 35 Blk 6 Irelands

Interior

Basement Partial

Basement (Y/N) Y

Laundry Features Common Laundry

Exterior

Parking Features Asphalt

Lot Features Curbs Not In Subdivision Sidewalks Storm Sewer Street Lights See Remarks

Building Area Total 4916

Lot Size Acres 0.3

Road Surface Type Asphalt

Road Frontage Type City Street

* Excluded Features

List By

Lincoln Realty, Inc.

Broker

smithhomes247@aol.com

Affordability Calculator

$4,600

Per Month

Monthly Principal & Interest: $4,310
Monthly Property Taxes: $290
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Commerical listings in Greensburg, IN

Average List Price ^$699,960

Percent of Sale Price 0%

About Greensburg, IN

11,937 Population

13% Since 2002

^$48,827 Median Income

38.73 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4046805 Elementary School

4046803 Middle School

Greensburg Community High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/14/2025	$700,000		Listed Price

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516 & 518 W Main Street, Greensburg, IN, 47240 is a Commercial Property for sale at $700,000 with 4,916 sqft and a lot size of 0.3. 516 & 518 W Main Street was built in 1900. The property's zip code is 47240 which is in Greensburg, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Property information provided courtesy of the Internet Exchange Program of the Metropolitan Indianapolis Board of REALTORS® Broker Listing Cooperative® listing service.

The information being provided is 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 updated as of 1/16/2026.

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516 & 518 W Main Street

Commercial Property for sale in Greensburg, IN

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