Listing Agency: Meisberger And Associates Show Phone

Listed By: Marybeth Castner · License #RB14036025 Show Phone

Source: Exprealty

Added: Jun 8 Changed: Oct 6 Last Checked: Oct 21 at 2:38AM

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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 Meisberger And Associates

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Investment Insights

Based on property information with market context.

This approximately 6,000-square-foot commercial building offers flexibility for multiple business types, with about seven framed and plumbed rooms currently in place. Interior walls include many non-structural stud walls, which may allow for reconfiguration into larger open-concept areas. The sale also includes new “in the box” flooring for approximately 6,000 square feet, along with a large amount of stacked unused 2x4 materials and other included materials. A new 2-inch water line has been added for the sprinkler system.

The property sits on about 0.57 acres on a state highway (US 421 S), providing daily traffic exposure. The building is zoned Local Business, with suitability for a variety of uses subject to county approval.

Overall, the current layout supports office, retail, service, or studio-style setups, while the non-structural wall construction may support future interior tailoring.

Key Highlights

• Approx. 6,000 sq. ft. commercial building on 0.57 acres with daily traffic exposure along US 421 S.
• Currently configured with approx. 7 framed and plumbed rooms for office, retail, service, or studio use.
• Interior includes many non‑structural stud walls that could be removed or reconfigured for larger open areas.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Grocery & Convenience Store Garden Center Cafe & Coffee Shop Skin Care Clinic

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

7

Office units

Yes

Sprinkler system

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

261

Businesses Nearby

Explore this area Business Placement

Demographics for 47042, IN

4,375

Population

1,930

Households

2.3

Avg Household Size

42

Median Age

21%

College-Educated

88%

High-School Grad

68.3 sq mi

ZIP Area

64

Density / Sq Mi

$74,401

Median Household Income

$45,677

Median Earnings

$717

Median Rent

$178,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Commercial building on a state highway with framed, plumbed rooms and zoning for local business uses.

Where is this retail space located?

The property is located at 630 S Adams St Versailles, IN.

What is the asking price?

The asking price for this property is $349,000.

What are key features of this property?

This property features: Approx. 6,000 sq. ft. commercial building on 0.57 acres with daily traffic exposure along US 421 S.; Currently configured with approx. 7 framed and plumbed rooms for office, retail, service, or studio use.; Interior includes many non‑structural stud walls that could be removed or reconfigured for larger open areas.