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    2346 Highway 64 Ramsey, IN 47166

    For Sale
    $255,000

    Prime 3-acre industrial lot, multiple buildings, established business.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 3-acre industrial property at 2346 Highway 64 NW in Ramsey, Indiana, presents a remarkable opportunity for commercial ventures. Currently operating as Scott Auto Sales, the property includes a main office building (24' x 40') featuring a foyer, two offices, storage space, a full kitchen, and a half bathroom. The building boasts superior insulation (4.5" Styrofoam under flooring, R40 in walls and attic), ensuring energy efficiency. The sale includes most existing inventory. A profitable 3-bay car wash generates approximately $500 in monthly net income, equipped with updated pumps, an on-demand water heater, an air compressor, a backflow system, and a change machine. A spacious garage/workshop is also included, fully equipped (excluding the tire changer and golf carts), and features two bathrooms. Two separate septic systems serve the property. The property benefits from a recently filled, owned LP gas tank and all buildings have new roofs. Additional acreage at the rear, bordering a cornfield, offers potential for expansion (zoning variance required). This location is ideally suited for an auto body shop or continued car sales, offering significant potential for growth and diverse income streams. The asking price is $255,000.

    Property Features for 2346 Highway 64

    General Information

    Property type
    Industrial properties
    Lot Size
    130,680 SF

    Building Details

    Year Built
    1980
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Storage Facility Bar & Pub Electrical Service Daycare Center Plumbing Service Pet Grooming Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ramsey
    County
    Harrison
    State
    Indiana
    Longitude
    -86.16792
    Latitude
    38.32664

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    FAQs

    What type of property is this?
    Industrial property - Prime 3-acre industrial lot, multiple buildings, established business.
    Where is this industrial property located?
    The property is located at 2346 Highway 64 Ramsey, IN.
    What is the asking price?
    The asking price for this property is $255,000.
    (812) 738-4232
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    2346 Highway 64 Ramsey, IN 47166
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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
    2346 Highway 64 Ramsey, IN 47166
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