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$350,000
8,120
square ft

7874 E State Road 28
Elwood, Indiana 46036

Active / MLS #22043983 / Commercial / Mixed Use / Elwood
Listing information updated 11/4/2025 at 9:26pm
High-Traffic Commercial Property Opportunity on State Road 28! Don't miss this outstanding opportunity to own 4.09 acres of prime, multi-purpose commercial property on heavily traveled State Road 28. With excellent visibility and access, this property is perfect for a variety of business ventures. Two buildings, Main Warehouse: Approximately 6,900 sq. ft. featuring two entry doors, an office area, loft, and abundant storage. Metal roof is 2 years old. Office Building: 1,200 sq. ft., fully heated and cooled, connected to city water and sewer, and currently occupied by a reliable HVAC company. This building also has a 2-year-old roof. Additional features include a large paved parking lot, offering flexible use options for your business needs. Billboard rights are included, providing a valuable opportunity for extra income. If you're searching for a high-traffic commercial property with tons of potential-this is it!
Lot Size:
4.09 Acres
Acreage:
4.09
Built:
1900
Cooling System:
Central Air
Roof:
Asbestos Shingle,Metal
Current Use:
Office
Potential Use:
Office
Zoning:
Commerical General
Building Square Feet:
8,120
Tax Amount:
N/A
Tax Year:
2024
Zip Code:
46036
City:
Elwood
County:
Tipton

Listing Office: RE/MAX Real Estate Solutions

Listing Office Phone: 765.640.1900

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 11/4/2025 at 9:26pm. 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.

$150,299
Average Sale Price
51
Average Days On The Market
92%
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 7874 E State Road 28, Elwood, IN 46036

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7874 E State Road 28, Elwood, IN 46036 is a commercial / mixed use currently listed at $350,000. This commercial / mixed use has been listed on @properties IND since June 11th, 2025 and was built in 1900.