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    1466 Highway 64 Ramsey, IN 47166

    For Sale
    $345,000

    Ramsey, IN Retail Space - 3.62 Acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 3.62-acre commercial property, located at 1466 and 1480 Highway 64 NW in Ramsey, Indiana, presents a unique investment opportunity. The substantial building, previously utilized as a retail space, offers endless possibilities for a variety of commercial ventures. Its adaptable layout makes it ideal for storage or wholesale distribution operations, significantly enhanced by the inclusion of two convenient loading docks. The property's history as a feed and grain mill adds to its character and potential. A notable feature is the existing extensive water garden infrastructure, perfectly suited for businesses involving fish or plant sales. This infrastructure represents a significant pre-existing asset, saving considerable development costs. The property's strategic location on a major east-west state road ensures high visibility and accessibility, attracting a substantial customer base. The current inventory within the building is available for negotiation as part of the sale. This is a rare chance to acquire a versatile commercial property with significant existing infrastructure and a prime location, ready for immediate occupancy and adaptation to your specific business needs. The ample acreage provides room for expansion or future development. Don't miss this opportunity to own a piece of Ramsey's commercial landscape. Serious inquiries only.

    Property Features for 1466 Highway 64

    General Information

    Property type
    Retail properties
    Lot Size
    157,687 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Wholesale Shop Storage Facility Bar & Pub Electrical Service Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ramsey
    County
    Harrison
    State
    Indiana
    Longitude
    -86.1524
    Latitude
    38.32364

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    FAQs

    What type of property is this?
    Retail property - Ramsey, IN Retail Space - 3.62 Acres
    Where is this retail property located?
    The property is located at 1466 Highway 64 Ramsey, IN.
    What is the asking price?
    The asking price for this property is $345,000.
    (812) 989-1032
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    1466 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
    1466 Highway 64 Ramsey, IN 47166
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