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615 W Main St, Mitchell, IN, 47446

1beds
4baths
3,275sqft
$55,000
$17price/sqft
$660/moest. monthly cost
$26,400/yrincome needed

About This Home

Live in the back and run two separate businesses up front! Each storefront has large display windows perfect for any business. Each commercial space has its own full bathroom. The spacious 1 bedroom apartment in the back has 1.5 bathrooms and plenty of room for additional rooms to be framed out. Seller financing available with 9% interest for 10 years, subject to terms.

Getting Around

54
WalkingSomewhat Walkable
0
TransitVery Limited Transit
46
BikeSomewhat Bikeable

Schools

3/10
Burris Elementary SchoolGrades 3-51.0 mi
6/10
Mitchell Jr High SchoolGrades 6-80.5 mi
3/10
Mitchell High SchoolGrades 9-120.5 mi

Construction

Condition

  • Year built: 1880

Materials

  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Partial

Bedroom1

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bedrooms: 1

Features

  • Flooring: Brick
  • Finished area below ground: 0
  • Finished area above ground: 3,275

Heating & Cooling

  • Heating features: Electric,Conventional,Forced Air
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 3,275
  • Total interior livable area: 3,275 sqft

Kitchen

  • Level: Main
  • Area: 154

Living Room

  • Level: Main
  • Area: 552

Property

Details

  • Parcel number: 471136342057.000005
  • Attached to another structure: Yes

Lot

  • Lot size: 3,484 sqft
  • Features: 0-2.9999

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Winter Weather
Heat Wave
Lightning

FEMA Declared Disasters Across Indiana Counties

Flood
Severe Storm
Snowstorm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $278$3,336
Home Insurance *$51$612
Property Taxes $31$372
Electricity $300$3,602
Total$660$7,920
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$22,628/yr
40% on housing$19,800/yr
45% on housing$17,600/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.4%
8.4%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.4%
2.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$17This listing

vs Other Active Listings

Avg $/sqft

ZIP 47446$112
Lawrence County$129

vs Homes Sold Last Month

Median $/sqft

ZIP 47446$133
Lawrence County$125

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-02Listed for sale$55,000

For Sale by Agent

AgentHaley E McLaughlin
BrokerageThe Real Estate Co.

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