503 W Main Street, Butler, IN
$ 349,000
Property Attributes
  • MLS#202139716
  • TypeMulti-Family
  • CountyDEKALB
  • CityButler
  • AreaWilmington
  • Zip46721
  • Style
  • Year Built1920
  • Taxes$ 3979
  • Price$ 349,000
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1992
Data Source:
Indiana Regional MLS (IRMLS)
Property Description

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).

Elementary School Middle School High School
Butler Elementary School Eastside Middle School Eastside High School
Price History
9/21/2021 Listed $349,000

General Features

# of Buildings 3
Age 102
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
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
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
Year Built 1920

Interior Features

Above Grade Bedrooms 2
Above Grade Unfin. Sqft 1716
Basement Y/n No
Dryer(s) 1
Flooring Carpet, Concrete, Vinyl Tile
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


  • 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

IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS. Information last updated on August 10, 2022 5:31 PM UTC

Property vs Multi-Family Average in 46721

AVG $220K
AVG $2,501
AVG 20
Year Built
AVG 1910
AVG 37
Data Provided by Walkscore ® not using MLS data