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    15596 Sr 156 Florence, IN 47020

    For Sale
    $985,000

    Investment - Florence, IN

    Lot size:
    5.16 Acres
    Days on Market:
    154
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 15596 Sr 156

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    78-12-06-112-009.001-008
    Parking features
    None
    Exterior features
    Outside Storage, Sidewalks
    Lot size
    5.16 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1991
    Floors in Building
    2
    Flooring type
    Carpet, Vinyl
    Building materials
    Wood Siding
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    Keller Williams Realty Services (859) 240-0727 [email protected]

    Listing agent Jay Knowles (812) 577-2186 License #RB16001480

    Listing date Jul 5, 2025

    MLS# 205360 Listing URL

    Copyright © 2025 Southeastern Indiana Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mermaid Cove Marina Investment Opportunity

    Mermaid Cove Marina along the Ohio River presents an investment opportunity. This property features a marina, campground, and Airbnb setup, including six BOATEL units. Additional Airbnb options include four houseboats, two boats, one sailboat, a tiny house, and a 27-foot camper with a covered deck. There are also four full hookup RV sites available year-round and a two-bedroom, two-story home with a crow's nest view. All Airbnb units are fully furnished with bedding, cooking, and dining essentials. The marina operates from April 1 to November 8, with potential for extended seasonal rentals. It offers over ten dock spaces, with six providing water and electric access for up to 12 boats. The property is situated on 5.157 acres in Florence, Indiana.
    Property Profile Location Intelligence

    Current Use by Public Records

    Campgrounds

    Map

    City
    Florence
    County
    Switzerland
    State
    Indiana
    Longitude
    -84.92179
    Latitude
    38.785074

    FAQs

    What type of property is this?
    Campground - Thriving marina, campground, and Airbnb with strong seasonal bookings.
    Where is this campground located?
    The property is located at 15596 Sr 156 Florence, IN.
    What is the asking price?
    The asking price for this property is $985,000.
    What are key features of this property?
    This property features: - Thriving marina, campground, and Airbnb business with proven seasonal bookings.; - Diverse Airbnb rental options: BOATEL units, houseboats, boats, sailboat, tiny house, and camper.; - Fully furnished Airbnb units equipped with bedding, cooking, and dining essentials.
    (812) 577-2186
    Request Owner's contact information
    15596 Sr 156 Florence, IN 47020
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    Florence, IN 47020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15596 Sr 156 Florence, IN 47020
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