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$315,000
3,170
square ft

2311 N Us Highway 231
Spencer, Indiana 47460

Closed / MLS #22038614 / Commercial / Mixed Use / Spencer
Listing information updated 11/13/2025 at 12:06pm
Commercial Property For Sale - Prime Location on US Hwy 231. Located just 3 miles north of Spencer on US Highway 231, this versatile commercial property offers excellent visibility and easy access. Sitting on 1.42 acres, the site includes a well-maintained 3,170 sq. ft. building featuring a shop area, office space, bathroom, kitchen and multiple overhead doors-perfect for a variety of business operations. In addition to the main structure, there is an approximately 1,050 sq. ft. covered area at the rear of the building, ideal for additional storage or work space. The property also includes a mobile home in the back, previously used as a rental. It features 3 bedrooms, office and 2 bathrooms, offering the potential for supplemental income or on-site residence. This is a unique opportunity for business owners or investors looking for flexible space in a high-traffic location.
Lot Size:
1.42 Acres
Acreage:
1.42
Built:
1997
Cooling System:
Wall Unit(s)
Roof:
Metal
Current Use:
Vacant
Potential Use:
See Remarks
Zoning:
Business Light Manufactur
Building Square Feet:
3,170
Tax Amount:
N/A
Tax Year:
2024
Zip Code:
47460
City:
Spencer
County:
Owen

Listing Office: RE/MAX Select Associates, Inc.

Listing Office Phone: 812.828.5310

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 11/13/2025 at 12:06pm. 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.

$272,372
Average Sale Price
66
Average Days On The Market
94%
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 2311 N Us Highway 231, Spencer, IN 47460

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2311 N Us Highway 231, Spencer, IN 47460 is a commercial / mixed use which sold for $315,000. This commercial / mixed use has been listed on @properties IND since May 13th, 2025 and was built in 1997.