106 Franklin StMilan, IN 47031

This exceptional commercial property, located at 106 Franklin Street in Milan, Indiana, presents a unique investment opportunity. The building, formerly the Milan Theater, boasts a rich history and is situated on a 0.12-acre lot in the heart of town, just around the corner from the Milan 1954 Museum. The brick structure is currently leased to two separate tenants, generating a consistent income stream. The first floor is occupied by a manufacturing business, paying $800 per month in rent. An upstairs apartment is also leased, bringing in an additional $600 monthly. This translates to a combined monthly rental income of $1400. Tenants are responsible for their own utilities, with separate electric and gas meters. Water and sewer costs are split between the tenants. The property benefits from a recently installed new roof, completed in February 2022. This turnkey investment offers a blend of historical charm and strong rental potential, making it an attractive proposition for discerning investors seeking a stable and profitable venture in a desirable location. The property is priced at $163,000. Appointments must be scheduled in advance to allow sufficient time to notify the tenants.