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1,755 sqft

$198,000

25 W Franklin Street, Greencastle IN, 46135

Price per sqft$112.82
Built in1900
Property size1,755 sqft
Property typeCommercial
Courtesy of RE/MAX Cornerstone, Nicole Stanley Listing Contact:

Overview

Active

Listed May 17, 2026

Updated 9 days ago

1,755 SF mixed-use building on the Putnam County Courthouse Square - one of Greencastle's highest-visibility corners, steps from DePauw University. Zoned for retail, office, with the possibility of residential use (verify with buyer's specific plans). This three-level property offers flexibility for an owner-occupant, investor, or a combination of both. The ground floor delivers a bright, move-in-ready storefront with heavy daytime foot traffic. The second floor is a flexible loft/office space with abundant natural light and downtown views - ideal for a studio, professional office, or potential residential conversion. The partially finished basement adds a meeting room and additional storage, expanding usable square footage. Recent updates include newer heating and air conditioning on both the first and second floors and a brand new on demand water heater in the bathroom. The building retains its 1920 character - exposed brick, tall windows, original moldings- while offering modern systems and move-in-ready condition, reducing near-term capital expenditure for a new owner. Located directly on the courthouse square, the property benefits from consistent local traffic, proximity to established retailers (Kroger, Old National Bank, PNC Bank nearby), and Greencastle's recurring First Fridays events, which regularly bring foot traffic downtown. On-site street parking plus a nearby public lot support both retail customers and staff/tenants.

Additional information

MLS® ID
22102754

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.01 Acres

Other Property Details

View
Yes

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Based on information submitted to the MLS GRID as of 4:38 AM UTC on 10/2/2026. 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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