503 W Main Street

Butler, IN
$ 349,000 Beds 2 Baths 1 Sq 1,992 Virtual Tour
Monthly Estimate* How much can I afford?

Great Investment Opportunity with multiple diverse income sources. The property is 1.43 acres that is commercially zoned and includes a 48'x58', 2,784 sq. ft. retail/restaurant building. Half of the building currently has a well established very successful Nationally Branded Sandwich Business which has been in business for 28 years. The franchise is part of the sale contingent upon approval. The vacant half of the building is ready for remodeling to hold a retail shop, coffee shop or many other uses. Also located on the property is a very well maintained 14'x66' manufactured home and 15'x22' garage that has a good rental history. The property is located on a major highway in a very high traffic area with retail businesses all around it. There is much of the 1.43 acre corner lot that is currently unused lawn area that could be further developed for additional buildings, etc. Address is 503, 503 1/2 & 505 W. Main St., Butler (There are 3 separate addresses at this parcel).

Multi-Family

  • Price
  • $ 349,000
  • Lot Size
  • Bedrooms
  • 2
  • Sqr Footage
  • 1,992
  • Full Bathrooms
  • 1
  • Year Built
  • 1920
  • Half Bathrooms
  • 0
  • City, Zip
  • Butler
  • Taxes
  • $ 3979
  • County
  • DEKALB
  • Style
  • Area
  • Wilmington
  • MLS#
  • 202139716
  • Zip
  • 46721
Listing Provided by: Andrew Jagoda with Wible Realty
Data Source: Indiana Regional MLS (IRMLS) - 202 - IN

Features

General

# of Buildings 3
Age 101
Agent First Name Andrew
Agent Last Name Jagoda
Assoc. Dues Frequency Not Applicable
Basement Crawl, Slab
Bathrooms 1
Beds 2
Cooling Central Air
Elementary School Butler
Features Off Street Parking
Flooring Carpet, Concrete, Vinyl Tile
Full Baths 1
Heating Gas, Forced Air
High School Eastside
Inside City Limits Yes
Legal Description PT SW 1/4 SW 1/4 (RESTAURANT)TRAILER .50A
Listing Area Dekalb County
Middle School Eastside
New Construction No
Pet Restrictions Y/n No
Pool Y/N No
REO No
School District Dekalb Co. Eastern
Sewer City
Status Active
Status Active
Stories 1
Style One Story
Subdivision None
Tax Year 20/21
Tenant Pays Other
Total Sq Ft 3708
Type Other
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202139716
Year Built 1920

Interior Features

Above Grade Bedrooms 2
Above Grade Unfin. Sqft 1716
Basement Y/n No
Dryer(s) 1
Num. Of 2 Bedrooms 1
Ranges/Ovens 1
Refrigerators 1
Total Number of Units 1
Unit 1 Sqft 924
Unit 1-# Of Bathrooms 1
Unit 1-# Of Bedrooms 2
W/D Hookups 1
Washers 1

Exterior Features

Approx. Lot Size Acres 1.43
Electric Meters 2
Exterior Metal, Vinyl
Gas Meters 2
Lot Description Corner
Lot Dimensions 1.43 acre
Lot Size Area 62291
Number of Parking Spaces 25
Outbuilding Outbuilding
Water Meters 2
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the South Bend, IN office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 2.99% 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.

Schools

Elementary School Butler Elementary School
Middle School Eastside Middle School
High School Eastside High School

Price History

9/21/2021 Listed $349,000

Property vs Zip Code Average in 46721

Price
AVG $350K
$350K
Taxes
AVG $3,979
$3,979
Visits
AVG 3
2
Year Built
AVG 1920
1920

Map

Areas That We Cover

503 W Main Street Butler, IN is a Single Family Home for sale at $349000 with 1992 sqft and a lot size of Acre(s). 503 W Main Street Butler has 2 bedrooms, 1 baths and was built in 1920. The property's zip code is 46721 which is in Butler, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 2.99% 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.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.