A unique opportunity to acquire a United States Postal Office. The Post Office has occupied this location since the 1960s and is as reliable of a tenant as they come. The USPS lease is easily transferable to a new owner. Additional perks of this property are a new roof in 2018; a leased efficiency apartment; a leased 1-bedroom apartment; and a blank canvas of over 4,000 square feet (+/-) on the second level. The possibilities for the second level are multiple apartments or commercial spaces (contingent on town/county approval). The current income and the potential for development of several more units make this property an attractive option for residential rental specialists who can rely on the postal service lease payments to cover their overhead while they build this property up to its full potential.
The median home value in Mentone, IN is $159,950. This is lower than the county median home value of $160,000. The national median home value is $219,700. The average price of homes sold in Mentone, IN is $159,950. Approximately 60.27% of Mentone homes are owned, compared to 26.43% rented, while 13.31% are vacant. Mentone real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Mentone real estate agent to arrange a tour today!
Mentone, Indiana has a population of 1,299. Mentone is more family-centric than the surrounding county with 47.39% of the households containing married families with children. The county average for households married with children is 31.33%.
The median household income in Mentone, Indiana is $48,750. The median household income for the surrounding county is $57,190 compared to the national median of $57,652. The median age of people living in Mentone is 31.7 years.
The average high temperature in July is 82.6 degrees, with an average low temperature in January of 16.9 degrees. The average rainfall is approximately 39.8 inches per year, with 33.1 inches of snow per year.