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13,400 sqft

$1,675,000

118-120 N Main Street, Hebron IN, 46341

Price per sqft$125.00
Built in1927
Property size13,400 sqft
Property typeCommercial

Overview

Active

Listed Aug 23, 2026

Updated Aug 27

PRIME DOWNTOWN HEBRON MIXED-USE INVESTMENT OPPORTUNITY! This 13,000 sq. ft. commercial building offers 9 units, existing occupancy, and additional income potential. The property generates 13,650 in monthly income with an 8.5 cap rate. Located in the heart of downtown Hebron, this versatile property is fully leased with 2 commercial spaces and 6 apartments, plus an unfinished 1,800 sq. ft. Unit 7 that offers more income by adding a kitchen and bathroom. The property features a fully functional restaurant, a school serving children with mild to severe disabilities, and six apartments, providing a mix of established commercial and residential tenants. There is a large parking lot in the rear plus additional street parking. This is a rare opportunity to acquire a large mixed-use investment property in downtown Hebron. SELLER FINANCING MAY BE CONSIDERED...Major building improvements include ALL-NEW electrical panels & boxes throughout, professionally refinished exterior, new steel rear stairs & railings, new concrete work, gutters, doors & locks, all HVAC serviced, 40k in plumbing, 3/4 of the roof has been replaced; the remaining 1/4 was inspected and determined to be in good condition and not require replacement...Both commercial spaces have been updated with commercial vinyl plank flooring & epoxy flooring in the kitchen, NEW ceilings, fixtures and bathrooms including an ADA-compliant bathroom in the school...Apartments 2-6 have been updated with new kitchens, bathrooms, luxury vinyl plank flooring, new AC units and stainless-steel appliances. Unit 1 features new stainless-steel appliances, while the tenant chose not to relocate so the apartment could be fully renovated... monthly rents are as follows: C1 3000 / C2 3500 / R1-2BDRM 1000 / R2-2BDRM 1200 / R3-1BDRM 1300 / R4-STUDIO 1250 / R5-2BDRM 1400 / R6-2BDRM 1000 / R7 would need work to rent...taxes 10,690...owner paid monthly utilities 850. THERE INTERIOR PICTURES OF EVERY UNIT.

Additional information

MLS® ID
844226

Interior Features

Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.18 Acres

Other Property Details

Taxes
$10,690
Tax Frequency
Annually

Courtesy of BHHS Executive Realty, David Harkabus,
Listing Contact: (219) 313-1669 

Listings courtesy of Northwest Indiana REALTOR Association as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Gina Guarino Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 3:58 AM UTC on 8/27/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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