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    Highway 64 Ramsey, IN 47166

    For Sale
    $125,000

    2.9 Acres, Multi-Use Building, High Traffic

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional investment opportunity presents a solid multi-family building situated on a substantial 2.9-acre lot in Ramsey, Indiana. The property boasts a prime location directly on Highway 64 NW, a major east-west state road, ensuring high visibility and convenient access. The building itself offers a unique blend of commercial and residential space. The ground floor previously served as storage and retail space, presenting versatile options for future tenants or business ventures. The second floor comprises two separate apartments, providing immediate rental income potential. This listing encompasses one building only

    Property Features for Highway 64

    General Information

    Property type
    Residential income properties
    Lot Size
    126,324 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Map

    City
    Ramsey
    County
    Harrison
    State
    Indiana
    Longitude
    -86.13191
    Latitude
    38.31813

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    FAQs

    What type of property is this?
    Residential income property - 2.9 Acres, Multi-Use Building, High Traffic
    Where is this residential income property located?
    The property is located at Highway 64 Ramsey, IN.
    What is the asking price?
    The asking price for this property is $125,000.
    (812) 989-1032
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    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
    Highway 64 Ramsey, IN 47166
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