8647 W College St, French Lick, IN 47432 ,Price Reduced! Here is your chance to own a very visible prime commercial building in downtown French Lick. This building could allow for a mixed use in a downtown at the corner of Maple and College Streets. There 3 stories above grade plus a full unfinished basement. The building is 46'x100' over 12,500 square feet. Presently the main level is retail space, the back section has a split level entry that was last used as a doctors office. There is an elevator shaft. The rubber roof is approximately 15 years old. Most of the window have been replaced. The main level furnace was replaced this year. Also in the front section the second level floor could be removed to have an atrium for uses such as brewery. Ideal location for housing, retail, boutique hotel and a liquor license is possible. The lot is 46'x145' with off street and off street parking. The "Ritter Building" has had many uses including a furniture store, mortuary, antique mall, doctors office and café. Own this landmark for only $419,000.00 (The adjoining lot is for sale, if separately owned there would be a mutual easement for access)
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,059
Per Month
Principal & Interest
$1,992
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,263
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Springs Valley Elementary School
356 S Larry Bird Blvd
Distance between this listing and this school0.27 miles
Public District Grades KG-5
5
/10
Throop Elementary School
301 Elm St
Distance between this listing and this school7.74 miles
Public District Grades KG-6
4
/10
Shoals Community Elementary School
11749 Ironton Rd
Distance between this listing and this school11.82 miles
Public District Grades PK-5
Nearby Schools
3
/10
Shoals Middle School
11741 Ironton Rd
Distance between this listing and this school11.78 miles
Public District Grades 6-8
5
/10
Mitchell Jr High School
1010 W Bishop Blvd
Distance between this listing and this school15.02 miles
Public District Grades 6-8
5
/10
Loogootee Middle School
201 Brooks Ave
Distance between this listing and this school18.55 miles
Public District Grades 5-8
Nearby Schools
5
/10
Springs Valley Community High School
326 S Larry Bird Blvd
Distance between this listing and this school0.24 miles
Public District Grades 6-12
4
/10
Paoli Jr & Sr High School
501 Elm St
Distance between this listing and this school7.74 miles
Public District Grades 7-12
6
/10
Northeast Dubois Jr/Sr High School
4711 N Dubois Rd NE
Distance between this listing and this school11.67 miles
The neighbors living near this home have an average income of $29,167. Typical income of French Lick, IN residents is less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8647 W College St
What is the listing price of this property?
The listing price of 8647 W College St property is $399,000.
What type of property is this?
The property 8647 W College St is land located in French Lick, Indiana, 47432.
Is this property for sale now?
Active Listing: 8647 W College St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $5,732 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 8647 W College St in French Lick, IN and zip code 47432. It has been listed on Rocket Homes since September 09, 2024 and is currently priced at $399,000.
In November 2024, from all listings sold in French Lick, IN there were more than 0 sold above asking price, over 5 sold below and more than 0 were sold right at the asked price. The number of listings in French Lick, IN increased by 10.5% between October 2024 and November 2024.
From Rocket Homes Real Estate and based on county public records data.
The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.
NASCAR
NASCAR
Pro Wrestling
Monster Trucks
Dollar General
Wal-Mart
Academy Sports & Outdoors
Hardee's
Applebees
Jimmy Johns
GMC
Dodge
Chevrolet
Classic Country
Oldies