Gas City, IN 46933 234-244 E Main Street

234-244 E Main Street Gas City, IN - Image 1234-244 E Main Street Gas City, IN - Image 2234-244 E Main Street Gas City, IN - Image 3
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Presented By: Tyler Shirley with Crandall Real Estate Group; Cell: 765-251-5676
  • MLS# 202624020
  • 06/18/2026
  • Get pre-approved
  • Request Tour
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  • Beds • 12
  • Full/Half Baths • 8 / 7
  • SQFT • 19,000

Home Details

Step into opportunity and own a remarkable piece of Indiana history in the heart of downtown Gas City! This stately brick multi-use building combines timeless architectural character with exciting potential for the right investor. The ground floor is home to six attractive storefronts, all fully leased to a variety of businesses including professional offices, a beauty salon, and a sports academy. Above, the second story showcases historic residential apartments with soaring 14-foot ceilings, exposed brick, and hardwood floors that exude charm and character. Of the 12 possible units, 8 have already been thoughtfully renovated and are occupied, while the remaining 4 stand ready for transformationan excellent opportunity for investors looking to increase cash flow and add long-term value. Even better, the unfinished lofts will now feature a brand-new flat roofsetting the stage for a smoother renovation process. Recent updates add peace of mind, including reinforced foundation, separately metered storefronts, updated commercial front doors and windows, and the convenience of an on-site parking lot. The buildings prime downtown location places it within walking distance of City Hall, the public library, coffee shops, restaurants, and other local favoritesmaking it a central hub for business and community life. Whether youre an experienced investor or looking for your next project, this property combines historic charm, modern updates, and outstanding upsideall in one exceptional downtown package. Dont miss your chance to shape the next chapter of this Gas City landmark.
Presented By: Tyler Shirley with Crandall Real Estate Group; Cell: 765-251-5676

Interior Features for 234-244 E Main Street

Bedrooms

Num. of 1 Bedrooms12
Num. of 2 Bedrooms0
Num. of 3 Bedrooms0
Num. of 4 Bedrooms
Above Grade Bedrooms8
Beds8
Below Grade Bedrooms

Bathrooms

Below Grade Baths

Other Interior Features

Total Finished SqFt19000
Basement Y/NNo
Above Grade Finished SqFt19000
Above Grade Unfin. SqFt6000
Below Grade Finished SqFt0
Below Grade Unfin. SqFt0
Main Level SqFt15000
Num. of Efficiencies0
BasementCrawl
Dishwasher(s)
Disposal(s)
Dryer(s)
FlooringWood
Microwaves
Ranges/Ovens8
Refrigerators8
Total Number of Units18
W/D Hookups4
Washers

Other Rooms

Total Rooms Below Grade

General for 234-244 E Main Street

Age120
Agent First NameTyler
Agent Last NameShirley
Annual Electric Expense12179
Annual Fuel Expense
Annual Insurance Expense5244
Annual Trash Expense
AreaGrant County
Assoc. Dues FrequencyNot Applicable
Associated Document Count
Auction Y/NNo
Bathrooms15
CityGas City
ClassINVESTMENT
CoolingCentral Air, Window
DOM36
Elementary SchoolWestview/Northview
FIPS Code18053
FeaturesCable Ready
Full Baths8
Half Baths7
HeatingGas
High SchoolMississinewa
Legal DescriptionThere are 3 separate parcels for sale with 3 separate legal descriptions: 23-05-1043 LOT 468 G C L COS 1ST ADD MP 0734-302-028.000, LOTS 463 THRU 466 G C L COS 1ST ADD, 23-05-1042 LOT 467 G C L COS 1ST
Middle SchoolR J Basket
Net Income85261
New ConstructionNo
OwnerPaysElectric, Fuel, Maintenance, Tax, Trash Collection
Pet Restrictions Y/NYes
REONo
Rent Income123900
School DistrictMississinewa Community School Co
SewerCity
StatusActive
StatusActive
Status Detail0
Stories Count2
StyleTwo Story
SubdivisionOther
Tax Year2025
Tenant PaysElectric
Total Sq Ft25000
TownshipMill
TypeOther
Virtual TourClick here
Year Built1906

Exterior for 234-244 E Main Street

Approx. Lot Size Acres0.47
ExteriorBrick
Lot DescriptionCorner
Lot Dimensions132X132
Lot Size Area20354
Number of Parking Spaces22
OutbuildingNone
PoolNo
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School R J Basket Middle School
Elementary School Westview/Northview Elementary School
High School Mississinewa High School

Ryan Orr

Broker / Auctioneer
Price $995,000
MLS#202624020
List Date 06/18/2026
Property Type Multi-Family
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