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    3 N State Highway 7 North Vernon, IN 47265

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    For Sale
    $129,900

    Two commercial lots with highway access and high visibility.

    Lot size:
    1.89 Acres

    Property Features for 3 N State Highway 7

    General Information

    Lot size
    1.89 Acres

    Source: Kovener & Associates Real Esta Agent Kovener & Associates Real Esta

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Lots in North Vernon

    Two commercial lots are available in North Vernon, Indiana, measuring 0.93 acres and 0.96 acres. The lots are located directly behind the Goodwill store, providing access to both State Highway 7 and State Highway 3. The location offers visibility from Highway 7 and convenient traffic flow. These parcels are positioned in Jennings County and may be suitable for various commercial uses, including retail, service-based operations, or future commercial expansion.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Clothing Store Nail Salon Gym & Fitness Garden Center Convenience Store Car Rental Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    North Vernon
    County
    Jennings
    State
    Indiana
    Longitude
    -85.612346
    Latitude
    38.987406

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    FAQs

    What type of property is this?
    Commercial land - Two commercial lots with highway access and high visibility.
    Where is this commercial land located?
    The property is located at 3 N State Highway 7 North Vernon, IN.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: - Prime commercial location in North Vernon, Indiana.; - Excellent access to State Highway 7 and State Highway 3.; - Strong visibility from Highway 7.
    Request Owner's contact information
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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
    3 N State Highway 7 North Vernon, IN 47265
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