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$220,000 Just Listed
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Property Description
Rare Opportunity! Well established retail space located in Historic Downtown New Carlisle. This property is the largest retail shop in the downtown business district with many possible uses. The property includes 5,360 sf of retail space, plus additional retail space in the full basement. The upstairs has a plenty of room for excess inventory complete with an elevator for easy access. There is also a 52x24' pole building located across the alley that is available with 2 parking spaces, which can be bought in addition to the main building. Buildings will be sold separately or combined.
Full Property Details
Full Property Details for 123 Michigan St
General
- Price: $220,000
- Taxes: $7,394 (2024)
- Status: Active
- Type: Business
- Source: GNIAR
- MLS ID: 834764
- Updated: 3/2/2026
- Added to Site: Today
Exterior
- Exterior Features: None
Parking
- Parking Features: Other
Location
- County: St Joseph
- Township: Olive
- Subdivision: New Carlisle
- Driving Directions: Downtown New Carlisle located on the north side of Michigan St.
Heating & Cooling
- Heating Type: Forced Air
Structural Information
- Square Feet: 5,360
- Year Built: 1840
Lot Features
- Lot Size (Acres): 0.1152
- Lot Size (Sq. Ft.): 5,018
- Zoning: Commercial
Financial Considerations
- Tax Amount: $7,394
- Tax Year: 2024
- Terms: Cash, Conventional, Contract
Disclosures and Reports
- Legal Description: Legal Description: LOT 96 38 FT E SIDE O P NEW CARLISLE
- Property ID: 710134232018000018
Listed by REMAX County Wide 1st
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Schools
Schools serving 123 Michigan St
School District:New Prairie United School Corporation
| Name | Grades | Distance |
|---|---|---|
Olive Township Elementary School 300 West Ben Street, New Carlisle, IN 46552 | PK-5 | 0.4 mi |
New Prairie Middle School 5325 North Cougar Road, New Carlisle, IN 46552 | 6-8 | 3.3 mi |
New Prairie High School 5333 North Cougar Road, New Carlisle, IN 46552 | 9-12 | 3.2 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 123 Michigan St
Date
Details
Price
Change
Source
3/02/2026
Listed
$220,000
—
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 123 Michigan St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,614
69%
$46,700
69%
2023
$957
-6%
$27,700
26%
2022
$1,023
-22%
$21,900
8%
2020
$1,320
1%
$20,300
-51%
2019
$1,313
-4%
$41,500
—
2018
$1,365
-3%
$41,500
—
2017
$1,412
5%
$41,500
—
2016
$1,342
—
$41,300
—
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 123 Michigan St
123 Michigan Street, New Carlisle, IN 46552 (MLS# 834764) is a Business property. 123 Michigan Street is currently listed for $220,000 and was received on March 02, 2026. Want to learn more about 123 Michigan Street? Do you have questions about finding other Business real estate for sale in New Carlisle? You can browse all New Carlisle real estate or contact a Coldwell Banker agent to request more information.

