118-120 N Main Street, Hebron, IN 46341
New Listing
$1,675,000
Property Type:
Commercial Sale
Square Footage:
13,400
Lot Size (sq. ft.):
7,840
Status:
Active
Current Price:
$1,675,000
List Date:
8/23/2026
Last Modified:
8/23/2026
Listing Details MLS# 844226
General Property Information
- Number Of Units Total
- 9
- Living Area
- 13400
- Building Area Source
- Assessor
- Year Built
- 1927
- Parking Total
- 100
- Lot Size Acres
- 0.18
- Lot Size Square Feet
- 7840
- Lot Size Source
- Assessor
- Waterfront YN
- No
- Basement YN
- Yes
Property Features
Basement:
Other
Building Features:
Mixed Use; Multi Tenant
Business Type:
Mixed
Construction Materials:
Brick; Stucco
Cooling:
Central Air
Current Use:
Mixed Use
Electric:
Other
Flooring:
Vinyl
Heating:
Other
Listing Terms:
Cash; Conventional; Owner Assisted
Lock Box Information:
SentriLock
Owner Pays:
Other
Parking Features:
Additional Parking; Off Street; On Street
Possession:
Subject To Tenant Rights
Rail Availability:
None
Roof:
Other
Sewer:
Public Sewer
Special Listing Conditions:
None
Tenant Pays:
Other
Utilities:
Electricity Connected; Natural Gas Connected
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 1675000
- Property Sub Type
- Mixed Use
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 118-120
- Street Direction Prefix
- N
- Street Name
- Main
- Street Suffix
- Street
- County
- Porter
- State
- IN
- Postal Code
- 46341
- Subdivision Name
- Sweeneys Sub
Remarks and Miscellaneous
- Public Remarks
- PRIME DOWNTOWN HEBRON MIXED-USE INVESTMENT OPPORTUNITY! This 13,000 sq. ft. commercial building offers 9 units, existing occupancy, and additional income potential. The property generates 13,650 in monthly income with an 8.5 cap rate. Located in the heart of downtown Hebron, this versatile property is fully leased with 2 commercial spaces and 6 apartments, plus an unfinished 1,800 sq. ft. Unit 7 that offers more income by adding a kitchen and bathroom. The property features a fully functional restaurant, a school serving children with mild to severe disabilities, and six apartments, providing a mix of established commercial and residential tenants. There is a large parking lot in the rear plus additional street parking. This is a rare opportunity to acquire a large mixed-use investment property in downtown Hebron. SELLER FINANCING MAY BE CONSIDERED...Major building improvements include ALL-NEW electrical panels & boxes throughout, professionally refinished exterior, new steel rear stairs & railings, new concrete work, gutters, doors & locks, all HVAC serviced, 40k in plumbing, 3/4 of the roof has been replaced; the remaining 1/4 was inspected and determined to be in good condition and not require replacement...Both commercial spaces have been updated with commercial vinyl plank flooring & epoxy flooring in the kitchen, NEW ceilings, fixtures and bathrooms including an ADA-compliant bathroom in the school...Apartments 2-6 have been updated with new kitchens, bathrooms, luxury vinyl plank flooring, new AC units and stainless-steel appliances. Unit 1 features new stainless-steel appliances, while the tenant chose not to relocate so the apartment could be fully renovated... monthly rents are as follows: C1 3000 / C2 3500 / R1-2BDRM 1000 / R2-2BDRM 1200 / R3-1BDRM 1300 / R4-STUDIO 1250 / R5-2BDRM 1400 / R6-2BDRM 1000 / R7 would need work to rent...taxes 10,690...owner paid monthly utilities 850. THERE ARE PICTURES OF ALMOST EVERY UNIT / MORE INTERIOR PICS COMING
Status Change Information
- Major Change Timestamp
- 2026-08-23T15:27:48Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-08-23
More Information
Exemption Information
- Exemption YN
- No
Showing Requirements
- Showing Instructions
- Call realtor to discuss 219-313-1669
Location, Tax, and Legal
- Tax Annual Amount
- 10690
- Tax Year
- 2025
- Tax Legal Description
- SWEENEYS SUB SEC 10 LOT 4 DR432 P227 TIF
- Parcel Number
- 641410488022000002
- Additional Parcels YN
- Yes
- Additional Parcels Description
- 641410488023000002 641410488024000002 641410488025000002
- Township
- Boone
- Directions
- LOCATED RIGHT WHERE ROUTS 231, ROUTE 2 (MAIN STREET) AND ROUTE 8 MERGE ON THE WEST SIDE OF ROUTE 2 (MAIN STREET)
- Census Tract
- 511.01
Basement
- Other
- Yes
Construction Materials
- Brick
- Yes
- Stucco
- Yes
Cooling
- Central Air
- Yes
Electric
- Other
- Yes
Flooring
- Vinyl
- Yes
Heating
- Other
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Owner Assisted
- Yes
Lock Box Information
- SentriLock
- Yes
Parking Features
- Additional Parking
- Yes
- Off Street
- Yes
- On Street
- Yes
Possession
- Subject To Tenant Rights
- Yes
Roof
- Other
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- None
- Yes
Utilities
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
Water Source
- Public
- Yes
Owner Pays
- Other
- Yes
Tenant Pays
- Other
- Yes
Current Use
- Mixed Use
- Yes
Building Features
- Mixed Use
- Yes
- Multi Tenant
- Yes
Business Type
- Mixed
- Yes
Rail Availability
- None
- Yes
Listing Office:
BHHS Executive Realty
Last Updated: August - 23 - 2026
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