# 46 E wayne Street, Spencer, IN 47460 > **TL;DR:** commercial, $139,000, built 1923. Est. $744/mo. Listed 11 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $139,000 | | Year Built | 1923 | | Lot Size | 8,712 sqft (0.20 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 11 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $703 | | Estimated Insurance | $41 | | **Total** | **$744** | ## Property Highlights - Built in 1923 - 0.20 acre lot ## Description ### Agent Description Investment Opportunity with Two Rental Income Sources! Conveniently situated on a corner lot in Spencer, this unique property offers income-producing potential with an established commercial rental and a separate mobile home rental site. Formerly a gas station, the 396 sq. ft. building is currently leased as a hair salon and features an open main room, an 8' x 6' bathroom, and a 16' x 16' front canopy. The former gas station tanks have been removed. The property also includes a separately rented mobile home site, providing an additional source of rental income. The mobile home is privately owned and is not included in the sale. Whether you're looking to expand your investment portfolio or explore future commercial possibilities, this property offers a unique opportunity in Spencer. Property use and any proposed changes are subject to applicable zoning and local approvals. ## Location - **Address:** 46 E wayne Street, Spencer, IN 47460 - **County:** Owen County - **Coordinates:** 39.283342, -86.762078 - **Google Maps:** https://www.google.com/maps?q=39.283342,-86.762078 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/irmls/202643268 ## Listing Agent - **Name:** Tilden Keith - **Brokerage:** Keith Realty & Auction Group - **Broker Phone:** 812 8217772 - **Listing URL:** [View original listing](http://www.homefinder.org/public/buy-details.asp?sTransactionNumber=202643268) ## Photos ![46 E wayne Street - Photo 1](http://lh.rdcpix.com/19ee3aa8e92e4f8778042e85248bc7d0l-f295357426r.jpg) ![46 E wayne Street - Photo 2](http://lh.rdcpix.com/19ee3aa8e92e4f8778042e85248bc7d0l-f3006225760r.jpg) ![46 E wayne Street - Photo 3](http://lh.rdcpix.com/19ee3aa8e92e4f8778042e85248bc7d0l-f3347358146r.jpg) ![46 E wayne Street - Photo 4](http://lh.rdcpix.com/19ee3aa8e92e4f8778042e85248bc7d0l-f2140471326r.jpg) ![46 E wayne Street - Photo 5](http://lh.rdcpix.com/19ee3aa8e92e4f8778042e85248bc7d0l-f1474096331r.jpg) ![46 E wayne Street - Photo 6](http://lh.rdcpix.com/19ee3aa8e92e4f8778042e85248bc7d0l-f1751565141r.jpg) ![46 E wayne Street - Photo 7](http://lh.rdcpix.com/19ee3aa8e92e4f8778042e85248bc7d0l-f1359407928r.jpg) ![46 E wayne Street - Photo 8](http://lh.rdcpix.com/19ee3aa8e92e4f8778042e85248bc7d0l-f3142288179r.jpg) ![46 E wayne Street - Photo 9](http://lh.rdcpix.com/19ee3aa8e92e4f8778042e85248bc7d0l-f357627648r.jpg) --- **MLS#:** 202643268 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/46-e-wayne-street-spencer-in-47460-87f9bb4b7ebd49c0b2023d8ef8ec18f0) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/46-e-wayne-street-spencer-in-47460-87f9bb4b7ebd49c0b2023d8ef8ec18f0#listing", "url": "https://staging.propertysimple.ai/listing/46-e-wayne-street-spencer-in-47460-87f9bb4b7ebd49c0b2023d8ef8ec18f0", "name": "46 E wayne Street, Spencer, IN 47460", "description": "Investment Opportunity with Two Rental Income Sources! Conveniently situated on a corner lot in Spencer, this unique property offers income-producing potential with an established commercial rental and a separate mobile home rental site. 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