For Sale or Lease. Rare Mixed-Use Investment Opportunity in Historic Downtown Knightstown! This exceptional property offers a unique opportunity to own a substantial portion of the community square in the heart of historic Knightstown. The property features two commercial spaces on the main level, currently combined and operating as a state-of-the-art, turnkey restaurant with equipment and an established restaurant operation in place. The upper level includes two separate apartments, providing additional rental income and creating an attractive mix of commercial and residential uses. Each unit is equipped with its own HVAC system, providing independent climate control for added convenience and flexibility. The historic building has benefited from multiple updates and improvements and is ready for continued commercial and residential use. Whether you're looking to expand an existing business, operate a restaurant while generating residential rental income, or add a distinctive mixed-use property to your investment portfolio, this property offers versatility and strong potential. Opportunities to acquire a property of this size and location on the historic Knightstown community square are rare. Don't miss your chance to own a piece of downtown Knightstown with multiple income-producing possibilities.
Listing Courtesy of: F.C. Tucker/Crossroads
765-524-3018
Agent licensed in IN
| Listing Id: | 22130297 |
|---|---|
| List Price: | $380,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Mixed Use |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Half: | 0 |
| Semi Annual Property Tax Amt: | $2,915 |
| Lot Size Acres: | 0.07 |
| Waterfront?: | No |
| City: | Knightstown |
| County Or Parish: | Henry |
| Postal Code: | 46148 |
| Year Built: | 1900 |
| Basement: | No |
| High School District: | C A Beard Memorial School Corp |
| Building Area Total: | 3,728 |
| MLS Area Major: | Wayne |
| Cooling: | Central Air, Heat Pump |
| Current Financing: | Conventional |
| Current Use: | Vacant |
| Directions: | GPS Friendly |
| Elementary School: | Knightstown Elementary School |
| Heating: | Forced Air, Gas, Heat Pump |
| High School: | Knightstown High School |
| Roof: | Rolled/Hot Mop, Rubber |
| Acres: | <1/4 Acre |
| Affectedby Disclosures: | No |
| Ceiling Height: | 14 |
| Ceiling Height 2: | 14 |
| Divisible: | No |
| DPRYN: | No |
| Parking Features: | On Street |
| Price Acre: | 5428571 |
| Road Access: | Street Cuts |
| Signage: | See Remarks |
| Space Available: | 3728 |
| Trans Type: | Sale |
| Original List Price: | $380,000 |
| Other Equipment: | Security System, Smoke Alarm |
| Parcel Number: | 331633241269000030 |
| Possession: | Negotiable |
| Postal Code Plus4: | 1275 |
| Road Surface Type: | Asphalt |
| State Or Province: | IN |
| Stories: | 2 |
| Tax Year: | 2025 |
| Utilities: | Cable Connected, Electricity Connected, Water Connected |
| Zoning: | commercial |
| Fence Yn: | No |
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MIBOR Broker Listing Cooperative® data last updated on October 09, 2026 03:45 AM - ET
Based on information submitted to the MLS GRID as of October 09, 2026 03:45 AM - ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
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Property Last Updated: October 09, 2026 03:45 AM - ET
