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$1,900,000
1,550
square ft

438 E Michigan Street
Fortville, Indiana 46040

Closed / MLS #22029722 / Commercial / Mixed Use / Fortville
Listing information updated 11/6/2025 at 7:46am
This exceptional investment opportunity will not disappoint! Located just twenty miles northeast of Indianapolis in the heart of thriving Fortville, this portfolio presents 24 fully leased units spread across 12 well-maintained duplexes. Units are similar in size with 18 units featuring 2 bedrooms and 1 bathroom, five 3-bedroom/1 bath and a 1-bedroom/1 bath unit. Tenants pay all of their own utilities. Average rent per unit is $827(income improvement opportunity!). If you are an Investor seeking a high-performing, low-risk asset with strong cash flow, high occupancy, and significant growth potential in a steadily growing area... this portfolio may be the one! (Sale includes: 334-336, 442-444, and 438-440 E Michigan St, 326-328 N Madison St, 408-410,507-509,515-517,521-523 E Ohio, and 415-417, 501-503, 507-509, and 515-517 E Staat)
Lot Size:
0.26 Acres
Acreage:
0.26
Built:
1972
Current Use:
Apt>20
Zoning:
Commercial
Building Square Feet:
1,550
Current Net Income:
$137,245
Tax Amount:
N/A
Tax Year:
2024
Zip Code:
46040
City:
Fortville
County:
Hancock

Listing Office: CRM Properties, Inc.

Listing Office Phone: 765.459.8034

Disclaimer: The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/6/2025 at 7:46am. 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.

$378,026
Average Sale Price
52
Average Days On The Market
95%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 438 E Michigan Street, Fortville, IN 46040

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438 E Michigan Street, Fortville, IN 46040 is a commercial / mixed use which sold for $1,900,000. This commercial / mixed use has been listed on @properties IND since March 28th, 2025 and was built in 1972.