Ad #6786957
MLS #844226
PRIME DOWNTOWN HEBRON MIXED-USE INVESTMENT OPPORTUNITY! This 13
118-120 N Main St, Hebron, IN 46341
$1,675,000
--Beds
--Baths
13,400Sqft
0.18Acres
About this property
PRIME DOWNTOWN HEBRON MIXED-USE INVESTMENT OPPORTUNITY! This 13,000 sq. ftmercial 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.
Property Features
0 Beds
0 Baths
13,400 Sqft
Built in 1927
0.18 Acres
On Street, Off Street
$10,690 / yr property tax
Porter County
Sweeneys Sub Community
Additional Photos
Contact Information
David Harkabus
Advanced Real Estate LLC
219-313-1669
Location
Listing Agent: David Harkabus 219-313-1669
Broker: Advanced Real Estate LLC 219-746-2693 Listing Site
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Advanced Real Estate LLC 219-746-2693 Listing Site
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BarrierFreeHome.com
Printed Sep 7, 2026
Photo Gallery
$1,675,000
--
Beds
--
Baths
13,400
Sqft
118-120 N Main St, Hebron, IN 46341
By contacting this agent you agree to these Terms and Conditions.
MLS# 844226
$1,675,000
118-120 N Main St, Hebron, IN 46341
--
Beds
--
Baths
13,400
Sqft
0.18
Acres
$1,675,000
118-120 N Main St, Hebron, IN 46341
-- Beds
-- Baths
13,400 Sqft
0.18 Acres
PRIME DOWNTOWN HEBRON MIXED-USE INVESTMENT OPPORTUNITY! This 13
PRIME DOWNTOWN HEBRON MIXED-USE INVESTMENT OPPORTUNITY! This 13,000 sq. ftmercial 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.
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Property Details
HOME DETAILS
0 Beds
0 Baths
13,400 Sqft
Built in 1927
0.18 Acres
EXTERIOR
On Street, Off Street
FINANCIAL & COMMUNITY
$10,690 / yr property tax
Porter County
Sweeneys Sub Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
6786957
Viewed
22 times
Listing Status
Active
Added
Aug 23, 2026
Last Refreshed
Sep 07, 2026 09:42:37 PM
Listing Information
Data Source
Greater Northwest Indiana Association of REALTORS
Source Property ID
844226
Listing Agent: David Harkabus 219-313-1669
Broker: Advanced Real Estate LLC 219-746-2693 Listing Site
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Advanced Real Estate LLC 219-746-2693 Listing Site
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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