25 W Franklin Street Greencastle, IN $ 198,000
25 W Franklin Street
$ 198,000
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25 W Franklin Street

Greencastle, IN, 46135
$ 198,000
Bedrooms-- Baths-- Sq 1,755

Monthly Estimate*

$ 1,368

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Commercial Property for sale in Greencastle, IN

for $198,000. This 1,755 square foot building was built in 1900 on a lot size of 0.01.

1,755 SF mixed-use building on the Putnam County Courthouse Square - one of Greencastle's highest-visibility corners, steps from DePauw University. Zoned for retail, office, with the possibility of residential use (verify with buyer's specific plans). This three-level property offers flexibility for an owner-occupant, investor, or a combination of both. The ground floor delivers a bright, move-in-ready storefront with heavy daytime foot traffic. The second floor is a flexible loft/office space with abundant natural light and downtown views - ideal for a studio, professional office, or potential residential conversion. The partially finished basement adds a meeting room and additional storage, expanding usable square footage. Recent updates include newer heating and air conditioning on both the first and second floors and a brand new on demand water heater in the bathroom. The building retains its 1920 character - exposed brick, tall windows, original moldings- while offering modern systems and move-in-ready condition, reducing near-term capital expenditure for a new owner. Located directly on the courthouse square, the property benefits from consistent local traffic, proximity to established retailers (Kroger, Old National Bank, PNC Bank nearby), and Greencastle's recurring First Fridays events, which regularly bring foot traffic downtown. On-site street parking plus a nearby public lot support both retail customers and staff/tenants.

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Commercial Active

Price

$ 198,000

Property Type

Commercial

Taxes

$ 1,060

Style

Office

Lot Size

0.01

Year Built

1900

Town/City

Greencastle

County/Region

Putnam

MLS | Web ID

22102754

Features
General
Heating Electric Forced Air
Cooling Central Air
Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Closing
Roof Rubber
Zoning CB
Security Features Smoke Detector(s)
Year Built 1900
Electric 200+ Amp Service
View Downtown
Stories Count 3
Township Greencastle
Property Subtype Office
Tax Year 2025
Current Use Office
County Putnam
New Construction N
Property Type Commercial Sale
Facing Direction Southwest
Possible Use Comm Sgl Ten Office
Status Active
Directions GPS Friendly
High School Greencastle Senior High School
City Greencastle
High School District Greencastle Community School Corp
MLS Area 6714 - Putnam - Greencastle
Lot Size Square Feet 566
Middle/Junior High School Greencastle Middle School
Additional Parcels Y/N N
Virtual Tour https://estate-focus-photography.aryeo.com/sites/edvjxddd/unbranded https://estate-focus-photography.aryeo.com/sites/25-w-franklin-st-greencastle-in-46135-24832640/branded
Standard Status Active
Tax Lot 100
Legal Description O P Lot 100
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Exterior
Parking Features On Street
Building Area Total 1755
Lot Size Acres 0.01
Road Surface Type Asphalt
Waterfront Y/N N
Road Frontage Type City Street Highway
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* Excluded Features
List By
Re/Max Cornerstone

Broker

nicole@tylercoxteam.com

Email

Affordability Calculator

$1,456
Per Month
94%
6%
0%
Monthly Principal & Interest
$1,368
Monthly Property Taxes
$88
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4048034 Middle School
Greencastle Senior High School High School
Pricing History
DatePricePrice ChangeDescription
10/1/2026$198,000 -1.00% Price Down
8/5/2026$200,000 -6.93% Price Down
7/11/2026$214,900 -2.27% Price Down
5/18/2026$219,900 Listed Price

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25 W Franklin Street, Greencastle, IN, 46135 is a Commercial Property for sale at $198,000 with 1,755 sqft and a lot size of 0.01. 25 W Franklin Street was built in 1900. The property's zip code is 46135 which is in Greencastle, IN