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    5095 Us Highway 50 Butlerville, IN 47223

    For Sale
    $99,900

    High-traffic location, income potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional investment opportunity is situated on 1.25 acres of land along the heavily trafficked US Highway 50, just east of North Vernon in Butlerville, Indiana. The property boasts thirteen storage units, totaling approximately 1500 square feet, providing a consistent income stream. In addition to the storage units, the property includes a partially remodeled apartment. This apartment offers approximately 960 square feet of living space and is configured as a four-bedroom, one-bathroom unit. Significant updates have already been completed on the apartment, presenting a strong foundation for a rental property or personal residence. The property is being sold "as-is" at closing. This presents a unique chance to acquire a multi-faceted investment property in a prime location with high visibility and significant potential for return. The combination of income-generating storage units and a spacious apartment makes this an attractive opportunity for investors seeking diverse revenue streams. The substantial lot size offers potential for future expansion or development. This is a turnkey investment ready for immediate income generation and further enhancement. Don't miss this chance to own a piece of prime commercial real estate in a thriving area.

    Property Features for 5095 Us Highway 50

    General Information

    Property type
    Other commercial real estate
    Lot Size
    54,450 SF

    Building Details

    Year Built
    1995
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Kitchen & Bath Food Market Grocery Store Bar & Pub Pawn Shop Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Butlerville
    County
    Jennings
    State
    Indiana
    Longitude
    -85.51771
    Latitude
    39.03215

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, income potential.
    Where is this commercial real estate located?
    The property is located at 5095 Us Highway 50 Butlerville, IN.
    What is the asking price?
    The asking price for this property is $99,900.
    (812) 565-9048
    Request Owner's contact information
    5095 Us Highway 50 Butlerville, IN 47223
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    Butlerville, IN 47223
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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
    5095 Us Highway 50 Butlerville, IN 47223
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