Building Details

Building Size 9,816 SF

Year Built 1886

Buildings 2

Stories 2

Listing Agency: F.C. Tucker Real Estate Experts Show Phone

Listed By: Jessica Risacher Show Phone

Source: Battsrealestategroup

Added: Aug 31, 2025 Changed: Oct 22 Last Checked: Oct 23 at 9:34PM

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Investment Insights

Based on property information with market context.

Two buildings at 35 and 39 N Pike Street combine residential apartments with a restaurant tenant. The property totals 9,816 square feet and dates to 1886. Three apartments are leased to long-term tenants, while a fourth apartment space remains unfinished. The restaurant occupies the main level under a long-term commercial lease. Small Retail Commercial zoning applies.

The property is across from the Jennings County Courthouse in Vernon, with public parking nearby. The offering also includes a three-way liquor license described as the only one in Vernon.

Key Highlights

• Two buildings totaling 9,816 square feet
• Three leased residential apartments and one unfinished apartment space
• Main‑level restaurant tenant with a long‑term commercial lease

Property Analytics

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

Open Analytics

Current Use

Los alamos mexican ... Restaurant Los Alamos Tex-Mex ... Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Nail Salon Garden Center Law Firm Pet Store & Service

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

Lease Details

4

Residential units

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

76

Businesses Nearby

Explore this area Business Placement

Demographics for 47282, IN

236

Population

127

Households

1.9

Avg Household Size

47

Median Age

22%

College-Educated

92%

High-School Grad

0.2 sq mi

ZIP Area

1,180

Density / Sq Mi

$67,188

Median Household Income

$45,962

Median Earnings

$688

Median Rent

$82,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Two-Story Mixed-Use Building

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three leased apartments and a separate unfinished apartment space are part of the offering.

Where is this mixed-use property located?

The property is located at 35 & 39 N Pike Street Vernon, IN.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Two buildings totaling 9,816 square feet; Three leased residential apartments and one unfinished apartment space; Main‑level restaurant tenant with a long‑term commercial lease