A Grand Opportunity: Historic Brick Home with Endless Potential in Bruceville, Indiana – $43,500

A Grand Opportunity: Historic Brick Home with Endless Potential in Bruceville, Indiana

Located at 402 W Main St, Bruceville, IN 47516, this statuesque two-story brick home stands proudly on a sizable corner lot, offering a rare opportunity for investors, renovators, or buyers with a vision.

Priced at $43,500, this property combines historic charm, generous square footage, and small-town convenience, making it an exceptional canvas for restoration and transformation.

Bruceville is a quiet, close-knit community in Knox County, just 8.7 miles from Vincennes, providing easy access to shopping, dining, employment, and cultural attractions while still maintaining the peaceful pace of small-town living.

This home’s central location on Main Street places it within the heart of the community, enhancing both its character and long-term potential.

A Striking Exterior with Historic Presence

From the moment you approach the property, its classic brick façade commands attention. Homes of this stature and construction are increasingly rare, especially at this price point. The solid masonry exterior reflects craftsmanship from an earlier era and offers a strong foundation for restoration.

Positioned on a corner lot, the home benefits from additional frontage, increased visibility, and flexible landscaping or parking possibilities.

Adding to the property’s appeal is a detached two-car garage, a valuable feature for a home of this age. Whether used for parking, storage, or a future workshop, the garage enhances functionality and convenience—something often missing in historic properties.

Spacious Interior with Flexible Layout

Inside, the home offers an impressive amount of space, including five bedrooms and one full bathroom. With one bedroom located on the main level, the layout allows for flexible living arrangements, such as a primary bedroom, guest room, or home office on the first floor.

The remaining bedrooms are situated on the upper level, offering ample room for a large household or the potential to reconfigure the layout into fewer, larger bedrooms or additional bathrooms. The generous room sizes typical of homes from this era provide excellent possibilities for modern updates while preserving historic character.

High ceilings, large windows, and a traditional two-story design suggest a bright, open interior once restored. The home’s original layout likely included formal living and dining areas, making it ideal for entertaining, multi-generational living, or even conversion into a rental or multi-unit investment, subject to local zoning regulations.

Mechanical Features Already in Place

Despite the home’s need for repairs, several key mechanical components are already present. The property includes two furnaces, a water heater, and central air conditioning, offering a strong starting point for renovation.

While these systems may require inspection or updates, having them in place can significantly reduce the overall cost and complexity of redevelopment compared to a property starting from scratch.

Fire Damage Creates a Unique Opportunity

The home has experienced a fire and is being sold as-is, ready for remodeling according to the buyer’s vision. While this will require work, it also creates an opportunity rarely available in today’s market: the chance to restore and redesign a grand home at a fraction of the cost of a fully renovated property.

For experienced investors or skilled homeowners, fire-damaged properties can offer substantial upside. Buyers have the freedom to redesign floor plans, update electrical and plumbing systems, and incorporate modern finishes while preserving the home’s historic charm. The result can be a truly one-of-a-kind residence or a highly desirable rental property.

Ideal for Investors and Visionary Buyers

At $43,500, this property represents an attractive entry point for multiple buyer types:

Fix-and-flip investors seeking a large, character-rich home with resale potential

Buy-and-hold investors looking to create a long-term rental in a growing area near Vincennes

Owner-occupants eager to restore a historic home while building equity

Contractors or builders wanting a customizable project with strong structural bones

The home is currently back on the market through no fault of the property, and all title work has been completed, allowing for a quick and smooth closing. This makes it especially appealing for buyers who are ready to move forward without delays.

Small-Town Living with Convenient Access

Bruceville offers the charm and simplicity of rural Indiana living while remaining close to modern conveniences. The short drive to Vincennes provides access to hospitals, universities, retail centers, restaurants, and employment opportunities. This balance of tranquility and accessibility makes the location appealing to families, retirees, and renters alike.

The corner lot location on Main Street further enhances the property’s presence, making it suitable not only as a private residence but also for potential mixed-use or community-focused redevelopment, depending on local regulations.

A Rare Chance to Restore Grandeur

Homes like this are not just properties—they are pieces of history waiting to be brought back to life. With its solid brick construction, generous square footage, detached garage, and prime location, 402 W Main St offers a foundation for something truly special.

For the right buyer, this is more than a renovation project—it’s a chance to restore a grand home, build value, and leave a lasting mark on the Bruceville community. Opportunities like this do not come along often, especially at such an accessible price point.

FROM ZILLOW