Description

Step into a rare opportunity to own a completely remodeled historic building in the heart of downtown Greencastle, just a short walk from DePauw University. Originally built in 1919, this beautifully restored property blends timeless character with modern upgrades and exceptional investment potential in one of the city’s most desirable locations. The main level features a bright, open office/retail space with large storefront windows that provide excellent natural light and strong street visibility. Perfect for professional offices, boutique retail, or service businesses, the space also includes a half bath with full tile finishes. The entire building has been thoughtfully updated with new hardwood flooring throughout, new electrical, new plumbing, and a brand-new fire suppression system, delivering peace of mind and turnkey functionality. Upstairs is a stunning 2-bedroom, 2 full bath luxury Airbnb-style residence designed with comfort and style in mind. The open-concept living area features a modern electric LED fireplace, while the kitchen showcases granite countertops with dramatic waterfall edges, contemporary lighting, and high-end finishes throughout. The property is being sold fully furnished exactly as it sits, making it truly turnkey for investors or owner-operators ready to generate immediate income. Located in the Historic District of downtown Greencastle and within walking distance to DePauw University, the building benefits from constant foot traffic, nearby dining and shopping, and strong demand for short-term and visiting-professor accommodations. Historic charm. Modern luxury. Prime downtown location near DePauw. A rare turnkey opportunity with both commercial and residential income potential.