234-244 E Main Street Gas City, IN $ 1,200,000
234-244 E Main Street
$ 1,200,000
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234-244 E Main Street

Gas City, IN, 46933
$ 1,200,000
Bedrooms12 Baths8.7 Sq 19,000

Monthly Estimate*

$ 7,389

234-244 E Main Street, Gas City, IN 46933 - Image 1
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234-244 E Main Street, Gas City, IN 46933 - Image 9
234-244 E Main Street, Gas City, IN 46933 - Image 10
234-244 E Main Street, Gas City, IN 46933 - Image 11
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Multi-Family Home for sale in Gas City, IN

for $1,200,000 with 12 bedrooms and 8 full baths, 7 half baths. This 19,000 square foot home was built in 1906.

Step into opportunity and own a remarkable piece of Indiana history in the heart of downtown Gas City! This stately brick multi-use building combines timeless architectural character with exciting potential for the right investor. The ground floor is home to six attractive storefronts, all fully leased to a variety of businesses including professional offices, a beauty salon, and a sports academy. Above, the second story showcases historic residential apartments with soaring 14-foot ceilings, exposed brick, and hardwood floors that exude charm and character. Of the 12 possible units, 8 have already been thoughtfully renovated and are occupied, while the remaining 4 stand ready for transformationan excellent opportunity for investors looking to increase cash flow and add long-term value. Even better, the unfinished lofts will now feature a brand-new flat roofsetting the stage for a smoother renovation process. Recent updates add peace of mind, including reinforced foundation, separately metered storefronts, updated commercial front doors and windows, and the convenience of an on-site parking lot. The buildings prime downtown location places it within walking distance of City Hall, the public library, coffee shops, restaurants, and other local favoritesmaking it a central hub for business and community life. Whether youre an experienced investor or looking for your next project, this property combines historic charm, modern updates, and outstanding upsideall in one exceptional downtown package. Dont miss your chance to shape the next chapter of this Gas City landmark.

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

12

Full Bath

8

Half Bath

7

Property Type

Multi-Family

Taxes

$ 11,216

Style

Year Built

1906

Town/City

Gas City

County/Region

Grant

MLS | Web ID

202624020

Features
General
Heating Gas
Cooling Central Air Window
Sewer City
Status Active Active
Full Baths 8
Half Baths 7
Bathrooms 15
Year Built 1906
New Construction No
Tenant Pays Electric
Subdivision Other
Style Two Story
Stories Count 2
Township Mill
Class INVESTMENT
Type Other
Age 120
Net Income 85261
Rent Income 123900
Features Cable Ready
REO No
Status Detail 0
Area Grant County
High School Mississinewa
City Gas City
School District Mississinewa Community School Co
Total Sq Ft 25000
Elementary School Westview/Northview
Middle School R J Basket
Legal Description There are 3 separate parcels for sale with 3 separate legal descriptions: 23-05-1043 LOT 468 G C L COS 1ST ADD MP 0734-302-028.000 LOTS 463 THRU 466 G C L COS 1ST ADD 23-05-1042 LOT 467 G C L COS 1ST
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202624020
Agent First Name Tyler
Agent Last Name Shirley
DOM 0
Tax Year 2025
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Interior
Basement Crawl
Flooring Wood
Beds 8
Total Number of Units 18
Microwaves 0
Refrigerators 8
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 8
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 8
W/D Hookups 4
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Exterior
Exterior Brick
Pool No
Number of Parking Spaces 22
Lot Size Area 20354
Lot Dimensions 132X132
Lot Description Corner
Outbuilding None
Waterfront Y/N No
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* Excluded Features
List By
Tyler Shirley

Listing Agent

Crandall Real Estate Group

Broker

tyler@crandalloffices.com

Email

Affordability Calculator

$8,323
Per Month
89%
11%
0%
Monthly Principal & Interest
$7,389
Monthly Property Taxes
$935
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
1236639 Elementary School
1236375 Middle School
Mississinewa High School High School
Pricing History
DatePricePrice ChangeDescription
6/18/2026$1,200,000 Listed Price

Map


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234-244 E Main Street, Gas City, IN, 46933 is a Multi-Family Home for sale at $1,200,000 with 19,000 sqft. 234-244 E Main Street has 12 bedrooms, 8.7 baths, and was built in 1906. The property's zip code is 46933 which is in Gas City, IN