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Investment Highlights

  • Central Business District
  • Many Updates
  • Potential of 5 Rental Spaces

Executive Summary

This beautifully renovated mixed-use building offers exceptional investment and owner-user potential in the heart of downtown Rushville's highly desirable business district.
The property features two 800-square-foot ground-level retail spaces along with three 1-bedroom, 1-bathroom apartments on the upper floors. The building is currently fully vacant, providing a rare opportunity for an investor or owner-occupant to lease the spaces at current market rates or customize them to fit their needs.
The current owner has done an outstanding job preserving the building's historic character while incorporating modern finishes throughout. Exposed brick, updated interiors, and thoughtful renovations create a unique blend of old-world charm and contemporary appeal.
At present, two of the apartments have been combined into one spacious living quarters. However, they can easily be converted back into two separate one-bedroom units, offering additional rental income potential.
Whether you're looking to establish your own business, expand your investment portfolio, or create a live-work opportunity, the possibilities for this property are virtually endless.
Don't miss this incredible opportunity in one of Rushville's most sought-after downtown locations. Call Creech Realty, LLC today to schedule your private showing!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,864 SF
Building Class
C
Year Built/Renovated
1900/2020
Price
$844,199 CAD
Price Per SF
$173.56 CAD
Percent Leased
65%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.40
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Frontage
43’ on North Main Street
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Nearby Major Retailers

Anytime Fitness
First Financial Bank
Kroger
BMO

Property Taxes

Property Taxes

Parcel Number
70-11-05-151-014.000-011
Land Assessment
$5,065 CAD
Improvements Assessment
$105,806 CAD
Total Assessment
$110,872 CAD
  • Listing ID: 41359811

  • Date on Market: 2026-07-20

  • Last Updated:

  • Address: 115 E 3rd St, Rushville, IN 46173

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