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$354,900 ↓$25,000on 9/23/2024

127 S Main Street Spencer, IN  47460

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Property Description for 127 S Main Street Spencer, IN 47460

Exceptional Commercial Space in Downtown Spencer. This versatile 4,000 sq ft building offers endless possibilities for your business. Currently configured with a great storefront, manufacturing area, prep space, employee locker room, and bathroom, the property also features a shipping and receiving area with a 10-foot overhead door. Upgrades include fire-proof drywall and tiles, LED lighting, floor sinks, updated electrical 3-phase and single, and HVAC systems - one just 1 year old. The original antique wood frame and entry doors add charming character. Whether you're looking to expand your existing business or start something new, this motivated seller's property could be the perfect opportunity. Don't miss out on this dynamic commercial space in the heart of downtown Spencer.

Address:127 S Main Street Spencer IN 47460
Status:Active
on site: 128 days
Price:$354,900
Bathrooms:0
Year Built:1900
Lot Size:0.38
County: Owen County
Township: Washington
MLS #:202429881
Property Type:Mixed Use

Lot Dimensions:48x351
Directions:Take Hwy 46W to Spencer turn left onto south Main St and follow to commercial building on right side. Just pass Main/Market intersection
Basement:No

Loan Price
$2,187
Price And Interest $1,851/month
Property Tax $188/month
MTG INS $0/month
HOME INS $148/month
Price
$354,900
Down Payment %
0 %
Down Payment
$0
Property Taxes
$188/month
Home Owner Insurance
$1,776 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
09/23/24 $379,900 $354,900 -6.58%

RoomSizeLevel
3rd Bedroom 1 x 1 Info Not Available
Den 1 x 4600 Info Not Available

Semi-Annual Property Tax:$1,131
Tax Year:2023/2024
Mandatory HOA Fee:$

City:Spencer
Subdivision: None
Zip Code:47460

Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Rene West with West & Co., REALTORS

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Spencer Market Report

194
Avg. DOM
$174.55
Avg. $ / Sq.Ft.
$ 274,900
Med. List Price

The house prices in Spencer are indeed dropping at the moment. There has been a decrease in price of $77,215.79. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Spencer are going Down. The average house price is $267,445.00 and the average price per square feet is $171.71 per square feet. At the moment, the amount of homes listed is exactly 160 houses, with 36 with active status, 18 with pending status and 106 sold in Spencer .

The most popular place to buy a home in Spencer is 6010 - Owen - Washington. 6010 - Owen - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Spencer .

The average amount of property taxes you would have to pay for a home in Spencer is $1,919.00. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Spencer are staying listed for an average of 71 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Spencer was 2390 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Spencer is $997,500.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Spencer is $95,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Spencer in year 1906 and the newest built house is in year 2024.

The average size of properties in Spencer is 1908.36 sq.ft. , the biggest one being 4455 sq.ft. and the smaller being 540 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.