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$180,000 Just Listed
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Property Description
This renovated historic commercial building combines timeless character with modern versatility, offering exceptional flexibility for a wide range of business uses. Located on main street, the space is ideal for retail, office, studio, or service-based businesses. The upper-level apartment provides private living quarters or a potential rental income opportunity, creating a unique live/work or investment scenario. The main level showcases beautiful hardwood floors, soaring ceilings, a vintage decorative tin ceiling, and an exposed brick accent wall, all complemented by a standout feature: the original bank vault, a distinctive reminder of the building's banking origins. With its mix of historic charm, modern updates, and flexible layout, this property presents a rare opportunity to establish a business in a one-of-a-kind, highly visible location. Brick two story with 2931 square feet is zoned for mixed use. The main level has 1755 square feet, high ceilings, hardwood floors and a kitchen. This has been a restaurant for many years and some equipment will remain with the sale. Upstairs is a 2 bedroom apartment with 1176 square feet.(currently rented month to month).
Full Property Details
Full Property Details for 127 W Main St
General
- Price: $180,000
- Taxes: $1,720 (2024)
- Status: Active
- Type: Commercial
- Source: GNIAR
- MLS ID: 833802
- Updated: 2/9/2026
- Added to Site: 5 day(s) ago
Interior
- Interior Features: Ceiling Fan(s), Open Floorplan, High Ceilings
Parking
- Parking Features: On Street
Location
- County: Newton
- Township: Iroquois
- Subdivision: Warrs Add
- Driving Directions: HWY 41 to St Rd 16 East to property on south side of the street.
Heating & Cooling
- Heating Type: Central, Forced Air
Structural Information
- Square Feet: 2,931
- Year Built: 1890
Lot Features
- Lot Size (Acres): 0.062
- Lot Size (Sq. Ft.): 2,700
- Zoning: Mixed Use
Financial Considerations
- Tax Amount: $1,720
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: 20.6' x 135' NW Corner Lot 8. 4' x 58' NE corner Lot p Warrs Add Brook
- Property ID: 561219111011000007
Listed by McColly Real Estate
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Schools
Schools serving 127 W Main St
School District:South Newton School Corporation
| Name | Grades | Distance |
|---|---|---|
South Newton Elementary School 13188 South 50 East, Kentland, IN 47951 | PK-5 | 4.2 mi |
South Newton Middle School 13100 South 50 East, Kentland, IN 47951 | 6-8 | 4.1 mi |
South Newton Senior High School 13102 South 50 East, Kentland, IN 47951 | 9-12 | 4.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 127 W Main St
Date
Details
Price
Change
Source
2/09/2026
Listed
$180,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 127 W Main St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,720
9%
$65,500
9%
2023
$1,581
15%
$60,100
15%
2022
$1,378
-16%
$52,300
-3%
2020
$1,644
10%
$53,800
-14%
2019
$1,494
—
$62,800
10%
2018
$1,494
2%
$57,000
—
2017
$1,465
2%
$57,000
2%
2016
$1,436
—
$55,900
-1%
2016
$1,436
—
$56,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 127 W Main St
127 W Main Street, Brook, IN 47922 (MLS# 833802) is a Commercial property. 127 W Main Street is currently listed for $180,000 and was received on February 09, 2026. Want to learn more about 127 W Main Street? Do you have questions about finding other Commercial real estate for sale in Brook? You can browse all Brook real estate or contact a Coldwell Banker agent to request more information.

