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Two-Story Mixed-Use Building

209 E Walnut Street, North Vernon, IN 47265

For Sale
$349,900

A large-windowed first floor is paired with an unfinished upper level and a full basement with alley access.

Property Size7,540 SF
Price / SF$46.41
Days on Market84

Property Features for 209 E Walnut Street

General Information

Standard status Active
Size 7,540 SF
Property subtype Mixed Use

Building Details

Buildings 1
Stories 2
Listing Agency: Tom Lawson Real Est & Auction
Listed By: Jeanette Hoffman
Source: Indianagoldgroup
Added: Aug 17 Changed: Nov 7 Last Checked: Nov 7 at 2:05PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tom Lawson Real Est & Auction

Rey
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Investment Insights

Based on property information with market context.

This two-story mixed-use building at 209 E Walnut Street contains 7,540 square feet. The main floor offers 3,770 square feet and large windows. An existing elevator shaft connects the building’s two levels, while the second floor remains largely untouched since the mid-1900s. A full basement adds storage and workshop potential, with access from the alley.

Located on Walnut Street in downtown North Vernon, the property combines street-level commercial space with an upper floor that could be adapted for apartments, a bed and breakfast, or short-term rentals.

Key Highlights

  • 3,770 square feet of main‑floor space with large windows
  • Upper level largely untouched since the mid‑1900s
  • Existing elevator shaft serves the building’s two levels

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency HVAC Service Kitchen & Bath Showroom Law Firm (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

496
Businesses Nearby

Demographics for 47265, IN

20,074
Population
8,862
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
185.6 sq mi
ZIP Area
108
Density / Sq Mi
$65,877
Median Household Income
$40,549
Median Earnings
$916
Median Rent
$143,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A large-windowed first floor is paired with an unfinished upper level and a full basement with alley access.
Where is this mixed-use property located?
The property is located at 209 E Walnut Street North Vernon, IN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 3,770 square feet of main‑floor space with large windows; Upper level largely untouched since the mid‑1900s; Existing elevator shaft serves the building’s two levels
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