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    1466 Highway 64 Ramsey, IN 47166

    For Sale
    $345,000

    3 Buildings, 3.62 Acres, Endless Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 3.62-acre property in Ramsey, Indiana, presents a unique investment opportunity with three distinct buildings. Ideally situated on Highway 64 NW, this location offers excellent visibility and convenient access to major east-west routes. The first building, closest to the highway, boasts two loading docks, making it suitable for various uses, including retail, storage, or wholesale distribution. Its history as a feed and grain mill, coupled with existing water garden infrastructure, suggests potential for agricultural or horticultural businesses. The second building, a sturdy structure, previously served as a machine and welding shop, offering ample space for industrial or manufacturing purposes. The third building is a two-story structure with ground-floor retail or storage space and two apartments on the upper level, providing additional income potential or housing for employees. The entire property is available for purchase as a single unit, offering a cohesive and versatile investment, or individual buildings may be considered for separate sale. This property's diverse building types and prime location present endless possibilities for a wide range of commercial and residential ventures. The substantial acreage provides ample room for expansion or future development. This is a rare opportunity to acquire a multi-use property with significant potential in a desirable location.

    Property Features for 1466 Highway 64

    General Information

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

    Current Use by Public Records

    Farms

    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
    -86.1516
    Latitude
    38.32347

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    FAQs

    What type of property is this?
    Agricultural property - 3 Buildings, 3.62 Acres, Endless Potential
    Where is this agricultural 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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