22 W Main St, Medora, IN 47260

Description

VERSATILE. SPACIOUS. FUNCTIONAL. Exceptional three-unit mixed-use investment opportunity featuring a café, a spacious three-bedroom apartment, and a studio apartment, all offered together for one price. Two of the three units currently have tenants, providing an opportunity for existing rental income while offering additional flexibility with the café space. The main-level café features a spacious dining area, a separate commercial kitchen, a restroom, and plenty of storage, providing a functional layout for continued restaurant or café operations. Whether you're looking to continue the current business or introduce a new concept, this space offers excellent potential. The three-bedroom, one-bath apartment provides comfortable living accommodations with a spacious layout. Step inside to a bright living room, creating a welcoming atmosphere. To the right, you'll find the kitchen and laundry area, while straight ahead is one bedroom. To the left are two additional bedrooms and a full bathroom. The apartment also features a fenced-in front yard, offering a private outdoor space to enjoy. Also included is a spacious studio apartment filled with natural light. The studio features a well-designed open living area, a kitchen with ample cabinet storage, and a bathroom with a stand-up shower, making it ideal for rental income, owner occupancy, or guest accommodations. Some of the most recent updates include a fire suppression system installed in the kitchen, all new electrical completed in 2021, all new plumbing completed in 2021, and new flooring. Additional improvements include sealed concrete and brick. Utilities are provided by Duke, Midwest Natural Gas, and Town of Medora Water. With three distinct units under one price, two currently occupied by tenants, this property offers flexibility for investors and entrepreneurs alike. Whether you're looking to generate multiple income streams, operate a business while collecting residential rental income, or explore the possibilities of the individual spaces, this unique property offers plenty of potential.