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    12949 State Road 56 Vevay, IN 47043

    For Sale
    $129,900

    Established Business, High Traffic Area, 0.51 Acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This prime commercial property, located at 12949 N State Road 56 in Vevay, Indiana, presents a unique investment opportunity. The 0.51-acre lot features a three-bay garage with an integrated office space, ideal for a variety of uses. The building boasts 10'-12' ceilings and doors, accommodating even larger vehicles and equipment. For nearly two decades, a successful auto service shop has operated from this location, demonstrating its suitability and established clientele base. Its strategic position at the intersection of State Roads 56 and 250, in the East Enterprise area, ensures high visibility and accessibility. The property benefits from significant daily traffic flow, serving as a major route for commuters traveling between Lawrenceburg, Rising Sun, Vevay, Madison, Versailles, Markland Dam, Cincinnati, Ohio, Warsaw, Kentucky, and Interstate 71. This high volume of traffic includes semi and heavy trucks, making it suitable for businesses requiring such access. Furthermore, the property's convenient location offers proximity to essential amenities such as grocery stores, gas stations, and restaurants, all within walking distance. This combination of high traffic volume, convenient location, and existing building infrastructure makes this a truly exceptional rural commercial opportunity. The asking price is $129,900.

    Property Features for 12949 State Road 56

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    22,216 SF

    Building Details

    Year Built
    1919
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Realty agency Wholesale Shop Auto Repair Shop Food Market Grocery Store Convenience Store Daycare Center Arcade & Gaming Center Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Vevay
    County
    Switzerland
    State
    Indiana
    Longitude
    -84.98832
    Latitude
    38.87199

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    FAQs

    What type of property is this?
    Office Property / Space - Established Business, High Traffic Area, 0.51 Acres
    Where is this office property / space located?
    The property is located at 12949 State Road 56 Vevay, IN.
    What is the asking price?
    The asking price for this property is $129,900.
    (812) 273-1234
    Request Owner's contact information
    12949 State Road 56 Vevay, IN 47043
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    Vevay, IN 47043
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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
    12949 State Road 56 Vevay, IN 47043
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