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    2325 Highway 64 Ramsey, IN 47166

    For Sale
    $125,000

    4.32 Acres, Updated Office Space

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 4.32-acre property in Ramsey, Indiana, presents a unique investment opportunity. The main building, a converted 36x60 pole barn, offers versatile commercial or residential potential. Currently configured as an office, it features a reception area, two additional offices, a storage area, and a garage. A half-bath is already installed, with plumbing in place for a future shower. The property boasts significant recent upgrades, including a new HVAC system, electrical, plumbing, and water heater, all installed within the last year. An additional septic system near the front of the property allows for the possibility of constructing a separate residential dwelling. The land is partially wooded, and the driveway has been improved with gravel. The property is currently situated within an uncompleted Planned Unit Development (PUD), and its current use is contingent on the PUD's abandonment. This presents a chance to acquire a substantial property with significant upside potential, once the PUD status is resolved. The building's size and layout offer flexibility for a variety of businesses or residential adaptations. The combination of updated systems, ample land, and the potential for dual-use makes this a compelling investment. The property is located at 2325 Highway 64 NW, Ramsey, IN. Priced at $125,000.

    Property Features for 2325 Highway 64

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    188,179 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    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
    -86.16711
    Latitude
    38.32428

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    FAQs

    What type of property is this?
    Office Property / Space - 4.32 Acres, Updated Office Space
    Where is this office property / space located?
    The property is located at 2325 Highway 64 Ramsey, IN.
    What is the asking price?
    The asking price for this property is $125,000.
    (812) 883-9555
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    2325 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
    2325 Highway 64 Ramsey, IN 47166
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