Bourbon IN Real Estate &

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Beds:
2
Baths:
3.00
Sq.Ft.:
5,144
Status:
Active
MLS#:
202631963
Type:
Other
Subdivision:
None
Lot size:
0.06 Acres
Year built:
1915
Courtesy: Milestone Realty, LLC
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ADDITIONAL INFORMATION

Outstanding mixed-use investment opportunity! This move-in-ready commercial building offers exceptional flexibility with a retail/office storefront plus two income-producing apartments. New updates within the past five years with updated flooring, paint, updated electrical and plumbing, mini split in ground level unit and a newer water heater for the upper unit. The spacious upper-level one-bedroom apartment features soaring ceilings, abundant natural light, a full kitchen, and a full bath with a Jacuzzi tub. The main-level one-bedroom includes private front and rear entrances, a full kitchen with appliances, full bath, and in-unit washer and dryer. Maximize your investment by maintaining both rental units, creating additional commercial space, or operating your business downstairs while living upstairs. Perfect for investors, entrepreneurs, or owner-occupants seeking multiple income opportunities. High-visibility location, endless possibilities, and immediate income potential make this a property you won’t want to miss!

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Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176


Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS. All rights reserved.



Bourbon Real Estate

Bourbon is located in Indiana. Bourbon, Indiana has a population of 1,752. Bourbon is more family-centric than the surrounding county with 33.72% of the households containing married families with children. The county average for households married with children is 33.33%.

The median household income in Bourbon, Indiana is $58,409. The median household income for the surrounding county is $58,296 compared to the national median of $69,021. The median age of people living in Bourbon is 34.7 years.

Bourbon Weather

The average high temperature in July is 83 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 39.5 inches per year, with 39.8 inches of snow per year.

Bourbon Map

Bourbon Real Estate Market Conditions

  • Median sales price

    $255,000
    16.4%
    change since last quarter
  • # Active listings

    4
    30-day change

Bourbon Schools and Demographics

Education near Bourbon, IN

City County
High School Graduates 91.75 85.53
College Degree - 2 year 8.81 7.53
College Degree - 4 year 21.61 20.53
Graduate Degree 2.6 5.78
Expenditures per Student 12,279 12,279
Students per Teacher 15.3 15.3

Elementary Schools near Bourbon, IN

Grades Students P/T Ratio ZIP
Argos Community Elementary School KG - 06 321 15.4 46501
Bremen Elementary/Middle School KG - 08 973 18.8 46506
Mentone Elementary School KG - 05 459 15.8 46539
Nappanee Elementary School KG - 05 397 17 46550
Triton Elementary School KG - 06 474 19.8 46504
Woodview Elementary School KG - 05 515 17.5 46550

High Schools near Bourbon, IN

Grades Students P/T Ratio ZIP
Argos Community Junior/Senior High School 07 - 12 290 13.9 46501
Bremen Senior High School 09 - 12 498 16.7 46506
North Wood High School 09 - 12 841 15.7 46550
Triton Junior/Senior High School 07 - 12 453 15.1 46504

Demographics near Bourbon, IN

City County
Neighborhood Type Suburban
Population 1,752 46,175
Population Density 1,522 104
Median Age 34.7 39.7
People per Household 2.7 2.7
Median Household Income 58,409 58,296
Average Income per Capita 24,348 28,746

Real estate near Bourbon