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    4492 Us Highway 421 Versailles, IN 47042

    For Sale
    $155,000

    Versatile building, 1.82 acres, high potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 1.82-acre property, located at 4492 S US Highway 421 in Versailles, Indiana, presents a remarkable business opportunity. The clean and well-maintained building, previously used as a bulk food store, offers immense versatility. Its strategic location between the historic towns of Madison and Versailles ensures high visibility and accessibility. The building itself features a mini-kitchen with a hand-washing station and a three-basin sink, along with a half-bath, office space, and ample storage. A full basement provides even more storage and includes a shower. The property also boasts a substantial 34x48 garage, offering additional storage capacity. This garage is equipped with a 100-amp electric breaker box and features both an 8x16 overhead door and a 10x16 barn-style door. Adding to the property's charm is an old hitching post situated in front of the garage. The property extends across both sides of 450 S. While the total acreage is 1.8230 acres, the usable acreage is approximately 1.37 acres due to existing roadways. The property is zoned as Local Business, allowing for a wide range of potential uses, including retail, wholesale, restaurant, office space, or even conversion into a multi-family dwelling. This property offers a unique blend of functionality, location, and potential, making it an ideal investment for discerning entrepreneurs.

    Property Features for 4492 Us Highway 421

    General Information

    Property type
    Investment properties
    Lot Size
    79,279 SF

    Building Details

    Year Built
    1954
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Law Firm Building Supply Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Versailles
    County
    Ripley
    State
    Indiana
    Longitude
    -85.28728
    Latitude
    39.00854

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Investment property - Versatile building, 1.82 acres, high potential.
    Where is this investment property located?
    The property is located at 4492 Us Highway 421 Versailles, IN.
    What is the asking price?
    The asking price for this property is $155,000.
    (812) 274-0660
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    4492 Us Highway 421 Versailles, IN 47042
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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
    4492 Us Highway 421 Versailles, IN 47042
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