
Renovated c.1879 Indiana Home For Sale Under $125K
$124,900
Move right in with zero hassle! Offering 1,322sqft of comfortable living, this charm-filled 3-bedroom, 1-bath Indiana home includes all appliances. A perfect match for first-time buyers or anyone looking for a seamless, stress-free transition.

Realtor Comments
Welcome to 516 N Broad Street! Many of the major updates have already been taken care of, including a newer roof, furnace, and updated bathroom. The furnace also comes with a transferable warranty, offering the next owner some added peace of mind. Conveniently located near the school, gas station, and local restaurants, this home offers easy access to everyday amenities. With 3 bedrooms, plenty of living space, several major updates already completed, this home is ready for its next owner!
- 3bd
- 1ba
- 1,322sqft
- 9,148sqft lot
- Circa 1879

516 N Broad St, Sullivan, IN 47882
If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

Pros of Living in Sullivan
High Housing Affordability: Real estate costs sit well below both Indiana and national averages. With median home values often under $150,000, Sullivan is an attractive option for first-time buyers, budget-conscious buyers, or anyone looking for extra land without a steep price tag.
Lake Sullivan & Outdoor Access: One of the town’s standout highlights is Lake Sullivan and the surrounding 400+ acre lake area. Unlike many small-town lakes, it allows motorized boats and offers camping, fishing (bass, crappie, bluegill), disc golf, and trail access right in the community’s backyard.
Charming Downtown Square: The town centers around a historic courthouse square lined with local “mom-and-pop” businesses, vintage shops, cafes, and locally owned eateries, fostering a strong small-town feel.
Easy Access to Terre Haute: While Sullivan itself is quiet and rural, it sits just ~25 minutes south of Terre Haute, making it convenient to commute for higher education (Indiana State University, Rose-Hulman), major regional healthcare, and larger retail centers like Meijer or target hubs.
Tight-Knit, Resilient Community: Neighborhoods are quiet, traffic is virtually nonexistent, and the community has shown a strong, supportive dynamic—notably pulling together for local rebuilding efforts and community outreach in recent years.
Cons of Living in Sullivan
Limited Local Job Market: The immediate economy inside Sullivan is modest, with employment options centered mostly around local agriculture, county government, school districts, and retail services. Most specialized or higher-paying corporate jobs require commuting to Terre Haute or surrounding counties.
Dependence on Cars: With no major public transit network and essential services spread out across the county, owning a personal vehicle is a necessity for daily life.
Fewer Big-Box Amenities & Nightlife: For major department stores, specialized medical care, diverse dining choices, or evening entertainment, residents regularly have to drive out of town.
Rural School System Footprint: Students attend the Southwest School Corporation (including Sullivan High School, known for solid agricultural and technical education programs). While local schools have strong community support, overall course variety and extracurricular depth are naturally smaller than in larger suburban school districts.
Midwestern Weather & Severe Storms: Like much of Wabash Valley, the region faces hot, humid summers, cold winters, and periodic severe thunderstorm and tornado risks during the spring.



































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