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208 E Main St, Butler, IN, 46721

1beds
2baths
2,486sqft
$86,900
$35price/sqft
$777/moest. monthly cost
$31,080/yrincome needed

About This Home

Investment opportunity located in the heart of Butler! This unique commercial property features two attached buildings offering endless possibilities for future business ventures. The west side of the building has successfully operated as a cycle repair shop for many years, while both spaces offer incredible flexibility for retail, boutique, thrift store, office space, specialty shops, and more. With excellent visibility and room for future growth, this property is ideal for entrepreneurs or investors looking to bring their vision to life. Whether you are seeking space for one large business or the potential for two separate storefronts, this is a great opportunity for someone ready to invest the work and bring this property to life. Reach out for additional details and to explore the possibilities this property has to offer!

Getting Around

47
WalkingCar-Dependent
0
TransitVery Limited Transit
37
BikeSomewhat Bikeable

Schools

4/10
Butler Elementary SchoolGrades K-60.8 mi

Construction

Condition

  • Year built: 1900

Materials

  • Construction materials: Vinyl Siding,Wood Siding

Type & Style

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

Interior

Basement

  • Has basement: Yes
  • Basement: Partial,Unfinished,Block

Bedroom1

  • Level: Main

Bedrooms & Bathrooms

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

Features

  • Finished area below ground: 0
  • Finished area above ground: 2,486

Heating & Cooling

  • Heating features: None
  • Cooling features: None

Interior Area

  • Total structure area: 3,712
  • Total interior livable area: 2,486 sqft

Kitchen

  • Level: Main
  • Area: 100

Living Room

  • Level: Main
  • Area: 240

Property

Details

  • Parcel number: 170712102004.000027

Lot

  • Lot size: 9,583 sqft
  • Features: Level
  • Lot size dimensions: 72 x 132

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
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Tornado
Cold Wave
Hail
Inland Flooding
Lightning
Winter Weather

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

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 $439$5,268
Home Insurance *$67$804
Property Taxes $44$528
Electricity $227$2,734
Total$777$9,324
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$26,640/yr
40% on housing$23,310/yr
45% on housing$20,720/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: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 4.6%
4.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$35This listing

vs Other Active Listings

Avg $/sqft

ZIP 46721$159
DeKalb County$159

vs Homes Sold Last Month

Median $/sqft

ZIP 46721$121
DeKalb County$152

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
2026-07-02Listed for sale$86,900

For Sale by Agent

AgentMichelle Snyder
BrokerageNorth Eastern Group Realty

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