15 S Indiana St

Greencastle, IN 46135

$574,900
Price
—
Beds
—
Baths
3,380 Sq. Ft.
$170 / Sq. Ft.
3,380
Sq. Ft.
$170
per Sq. Ft.
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Description

Step into a rare opportunity to own a completely remodeled historic building in the heart of downtown Greencastle, just a short walk from DePauw University. Originally built in 1919, this beautifully restored property blends timeless character with modern upgrades and exceptional investment potential in one of the city's most desirable locations. The main level features a bright, open office/retail space with large storefront windows that provide excellent natural light and strong street visibility....Step into a rare opportunity to own a completely remodeled historic building in the heart of downtown Greencastle, just a short walk from DePauw University. Originally built in 1919, this beautifully restored property blends timeless character with modern upgrades and exceptional investment potential in one of the city's most desirable locations. The main level features a bright, open office/retail space with large storefront windows that provide excellent natural light and strong street visibility. Perfect for professional offices, boutique retail, or service businesses, the space also includes a half bath with full tile finishes. The entire building has been thoughtfully updated with new hardwood flooring throughout, new electrical, new plumbing, and a brand-new fire suppression system, delivering peace of mind and turnkey functionality. Upstairs is a stunning 2-bedroom, 2 full bath luxury Airbnb-style residence designed with comfort and style in mind. The open-concept living area features a modern electric LED fireplace, while the kitchen showcases granite countertops with dramatic waterfall edges, contemporary lighting, and high-end finishes throughout. The property is being sold fully furnished exactly as it sits, making it truly turnkey for investors or owner-operators ready to generate immediate income. Located in the Historic District of downtown Greencastle and within walking distance to DePauw University, the building benefits from constant foot traffic, nearby dining and shopping, and strong demand for short-term and visiting-professor accommodations. Historic charm. Modern luxury. Prime downtown location near DePauw. A rare turnkey opportunity with both commercial and residential income potential.
  1. Listed by Clint Cooper • The Stewart Home Group
    P: (317)-831-1313 C: (765)-721-6584 clint@thestewarthomegroup.com

Property Details for 15 South Indiana Street

Township
Greencastle
Waterfront
No
Zoning
General Office Commercial
LISTING UPDATED: 03/12/2026 06:35 PM

Property Details for 15 South Indiana Street

StatusActive
MLS #22088747
Days on Market47
Taxes$2,738 semi-annually
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1919
Lot Size0.04 AC / 1,742 SF
CountyPutnam County
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Location

Listing Courtesy of The Stewart Home Group
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Building Information for 15 South Indiana Street

Stories2Residences-Year Built1919Lot Size0.04 AC / 1,742 SF

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$3,351 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,895

Property Taxes

$456

HOA Dues

$0

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Property Information for 15 South Indiana Street

Summary
Location and General Information
  • City: Greencastle
  • County Or Parish: Putnam
  • Directions: GPS Friendly
  • Postal Code: 46135
  • Postal Code Plus4: 1509
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 670921201109000008
  • Semi Annual Property Tax Amt: 2738
  • Tax Year: 2025
  • TaxLot: 124
School Information
  • School District: Greencastle Community School Corp
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt<20, Office, Retail
  • Lot Size Square Feet: 1786.0
  • Lot Size Acres: 0.04
  • New Construction: False
  • Stories: 2
  • Retail Type: Free Stand
  • Signage: Store Front
  • Space Available: 3380
  • Sq Ft Total: 3380.0
  • Year Renovated: 2016
  • Year Built Numeric: 1919
Property and Assessments
  • Affected by Disclosures: No
  • Divisible: No
  • DPRYN: No
  • Legal Subdivision: O P Pt Lot 124
  • Photos Count: 41
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Transaction Type: Sale
Utilities
  • Sprinkler: Wet
  • Utilities: Electricity Connected, Water Connected, See Remarks
Interior and Exterior Features
Interior Features
  • Ceiling Height: 15

Property History for 15 South Indiana Street

DateEvent & SourcePriceAppreciation
Mar 11, 2026

Listed (Active)

MIBORMLS #22088747

$574,900—
DateEvent & SourcePrice
03/11/2026

Listed (Active)

MIBORMLS #22088747

$574,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 15 South Indiana Street

Taxable ValueLand$4,700Additions$94,100Total$98,800
Tax Record2024$5,476 ($456 / month)
Home Facts
Total Finished SqFt3,380 SqFtAbove Grade Finished SqFt3,380 SqFtStories3Lot Size1,786 SqFtStyleOffice BuildingYear Built1900ZoningZO01CountyPUTNAMAPN67-09-21-201-109.000-008

Schools near 15 South Indiana Street

This home is within Greencastle Community Sch Corp.
Rating
School
Type
Grades
Distance
Deer Meadow Primary School
Public - PK to 2
Greencastle Middle School
Public - 6 to 8
Greencastle Senior High School
Public - 9 to 12
Tzouanakis Intermediate School
Public - 3 to 5
Rating
School
Distance
Deer Meadow Primary School
PublicPK to 2

Greencastle Middle School
Public6 to 8

Greencastle Senior High School
Public9 to 12

Tzouanakis Intermediate School
Public3 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 15 South Indiana Street, Greencastle, IN 46135

15 South Indiana Street is a mixed use property for sale in Greencastle, IN 46135. This property was listed for sale on March 11, 2026 by The Stewart Home Group, it's currently listed at $574,900. This listing's school district is Greencastle Community Sch Corp. Nearby schools include Deer Meadow Primary School, Greencastle Middle School and Greencastle Senior High School. 15 South Indiana Street is a 0-bed, 0-bath, 3,380 sqft mixed use property built in 1919.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Stewart Home Group

Based on information submitted to the MLS GRID as of 03/12/2026 06:35 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.