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15 S Indiana Street Greencastle, IN $ 574,900
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15 S Indiana Street
$ 574,900
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15 S Indiana Street

Greencastle, IN, 46135
$ 574,900
Bedrooms-- Baths-- Sq 3,380

Monthly Estimate*

$ 3,540

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Commercial Property for sale in Greencastle, IN

for $574,900. This 3,380 square foot building was built in 1919 on a lot size of 0.04.

Step into a rare opportunity to own a completely remodeled historic building in the heart of downtown Greencastle, just a short walk from DePauw University. Originally built in 1919, this beautifully restored property blends timeless character with modern upgrades and exceptional investment potential in one of the city's most desirable locations. The main level features a bright, open office/retail space with large storefront windows that provide excellent natural light and strong street visibility. Perfect for professional offices, boutique retail, or service businesses, the space also includes a half bath with full tile finishes. The entire building has been thoughtfully updated with new hardwood flooring throughout, new electrical, new plumbing, and a brand-new fire suppression system, delivering peace of mind and turnkey functionality. Upstairs is a stunning 2-bedroom, 2 full bath luxury Airbnb-style residence designed with comfort and style in mind. The open-concept living area features a modern electric LED fireplace, while the kitchen showcases granite countertops with dramatic waterfall edges, contemporary lighting, and high-end finishes throughout. The property is being sold fully furnished exactly as it sits, making it truly turnkey for investors or owner-operators ready to generate immediate income. Located in the Historic District of downtown Greencastle and within walking distance to DePauw University, the building benefits from constant foot traffic, nearby dining and shopping, and strong demand for short-term and visiting-professor accommodations. Historic charm. Modern luxury. Prime downtown location near DePauw. A rare turnkey opportunity with both commercial and residential income potential.

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Commercial Active

Price

$ 574,900

Property Type

Commercial

Taxes

$ 5,476

Style

Mixed Use

Lot Size

0.04

Year Built

1919

Town/City

Greencastle

County/Region

Putnam

MLS | Web ID

22088747
Features
General
Utilities Electricity Connected Water Connected See Remarks
Possession Closing
Zoning General Office Commercial
Year Built 1919
Stories Count 2
Township Greencastle
Property Subtype Mixed Use
Tax Year 2025
Current Use Apt<20 Office Retail
Building Name GREENCASTLE
County Putnam
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City Greencastle
High School District Greencastle Community School Corp
MLS Area 6714 - Putnam - Greencastle
Lot Size Square Feet 1786
Standard Status Active
Tax Lot 124
Legal Description O P Pt Lot 124
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Exterior
Parking Features Other
Building Area Total 3380
Lot Size Acres 0.04
Waterfront Y/N N
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* Excluded Features
List By
The Stewart Home Group

Broker

clint@thestewarthomegroup.com

Email

Affordability Calculator

$3,996
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,540
Monthly Property Taxes
$456
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
4045022 Elementary School
4045026 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
3/12/2026 $574,900 Listed Price

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15 S Indiana Street, Greencastle, IN, 46135 is a Commercial Property for sale at $574,900 with 3,380 sqft and a lot size of 0.04. 15 S Indiana Street was built in 1919. The property's zip code is 46135 which is in Greencastle, IN

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