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$127,000
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Property Description
Brick Commercial Building is fully leased with 2 Tenants. First Floor Tenant pays $850/per month plus utilities & insurance. Second Floor Apartment pays $650/per month plus utilities & insurance. Seller installed new metal roof in 2024. This building is the Original Milan Theater with the original slanted floors intact and the second floor had a space for the movie projector which is now gone. Bring your qualified buyers for this Brick 2 story commercial building.
Full Property Details
Full Property Details for 106 Franklin St
General
- Price: $127,000
- Status: Active
- Type: Commercial
- Source: SE_Indiana
- MLS ID: 206501
- Updated: 12/4/2025
- Added to Site: 137 day(s) ago
Exterior
- Exterior Features: Lights, Sidewalks
Parking
- Other Parking Type: On Street, Onsite
Location
- County: Ripley
- Township: Franklin
Heating & Cooling
- Cooling Type: Window Air Conditioning
- Heating Type: Baseboard, Electric, Forced Air, Gas
Utilities
- Gas: Natural
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Roof: Rolled/Hot Mop, Built-Up, Metal
- Stories/Levels: Two
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.124
- Lot Size (Sq. Ft.): 5,401
- Street/Road Desc.: Blacktop
- Topography: Level
Disclosures and Reports
- APN: 69-09-24-444-012.000-010
Listed by RE/MAX Victory + Affiliates, Mark Ginder
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Schools
Schools serving 106 Franklin St
School District:Milan Community Schools
| Name | Grades | Distance |
|---|---|---|
Milan Elementary School 418 East Carr Street, Milan, IN 47031 | K-4 | 0.5 mi |
Milan Middle School 609 North Warpath Drive, Milan, IN 47031 | 7-8 | 0.6 mi |
Milan High School 609 North Warpath Drive, Milan, IN 47031 | 9-12 | 0.6 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 106 Franklin St
Date
Details
Price
Change
Source
12/03/2025
Listed
$127,000
—
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 106 Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,279
-2%
$57,300
—
2023
$1,310
—
$57,300
-2%
2022
$1,311
18%
$58,500
8%
2020
$1,110
-5%
$54,100
—
2019
$1,168
3%
$54,100
—
2018
$1,133
6%
$54,100
3%
2017
$1,069
5%
$52,400
—
2016
$1,016
6%
$52,400
—
2015
$956
62%
$52,400
58%
2012
$590
—
$33,100
—
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 106 Franklin St
106 Franklin Street, Milan, IN 47031 (MLS# 206501) is a Commercial property. 106 Franklin Street is currently listed for $127,000 and was received on December 03, 2025. Want to learn more about 106 Franklin Street? Do you have questions about finding other Commercial real estate for sale in Milan? You can browse all Milan real estate or contact a Coldwell Banker agent to request more information.

