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$170,000 -$10,000 (-5.56%) Price Reduced
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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 equipment on site will remain with the sale. Upstairs is a 2 bedroom apartment with 1176 square feet.(currently rented month to month). Apartment has stove and refrigerator and new furnance installed 2023. Seller to consider financing terms.
Full Property Details
Full Property Details for 127 W Main St
General
- Price: $170,000
- Taxes: $1,720 (2024)
- Status: Active
- Type: Commercial
- Source: GNIAR
- MLS ID: 833802
- Updated: 8/3/2026
- Added to Site: 177 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, Other, Lease Purchase, Conventional, Contract
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 ATTOM Data Solutions 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
8/03/2026
Price Reduced
$170,000
-5.56%
MLS
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
2025
$2,882
68%
$111,600
70%
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 $170,000 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.

