The City of Union City is inviting interest in the future redevelopment of 223 N. Columbia Street, the historic former Hub City Finance building located in the heart of downtown.
This long-vacant property represents one of the community’s remaining historic commercial façades and offers a unique opportunity for a developer, entrepreneur, or organization to help shape the next chapter of downtown revitalization.
A Historic Asset, Stabilized and Ready
Vacant since 1991, the building was purchased by the City in 2022. Since that time, substantial improvements have been completed to reduce redevelopment risk and prepare the structure for adaptive reuse.
Key investments include:
Complete structural stabilization, including repair and replacement of all floor joists
Masonry restoration and tuckpointing, preserving the historic brick façade
Weather sealing and exterior improvements
While interior buildout has not yet begun—allowing flexibility for future use—the structure is now secured and structurally sound. A full roof replacement will be required as part of redevelopment.
Vision for the Property
Union City welcomes creative and feasible proposals that align with downtown revitalization goals. Potential uses may include:
Retail or boutique commercial space
Mixed-use development
Small business incubator or coworking space
Nonprofit or cultural organization headquarters
Tourism or heritage-focused activation
The City encourages projects that preserve the building’s historic character while contributing to economic activity and community vibrancy.
Strategic Location & Community Support
Located along Columbia Street in the historic downtown district, the property benefits from walkability, visibility, and proximity to other businesses.
Union City is committed to partnering with the right redevelopment team. Potential incentives may include:
Historic Rehabilitation Tax Credits (state and federal, pending qualification)
Downtown development funding programs
Redevelopment Commission support
Tax Increment Financing (TIF), when applicable
Assistance navigating available grant opportunities
City leadership is prepared to work collaboratively, offer guidance through incentive programs, and streamline the permitting process to help move projects forward.
Invitation to Developers & Partners
Union City is accepting redevelopment proposals on a rolling basis. Interested parties are encouraged to:
Request a full redevelopment information packet
Schedule a site tour
Submit a concept proposal outlining intended use and investment plan
Contact Information
City of Union City, Indiana
105 N. Columbia Street
Union City, IN 47390
Primary Contact:
Steve Shoemaker, City Manager
📧 citymanager@unioncity-in.gov
📞 937-459-7148
Looking Ahead
223 N. Columbia Street represents more than a building—it is an opportunity to restore a historic landmark and strengthen the future of Union City’s downtown. With stabilization complete and strong municipal support in place, the property is positioned for a visionary redevelopment partner ready to bring it back to life.