This exceptional 7,173-square-foot commercial property, located at 55 on Fifth in Cayuga, Indiana, presents a unique investment opportunity. Currently zoned C-3, this versatile space is ideal for a variety of uses, including restaurant and executive office spaces. The building boasts a prime location within Vermillion County, offering excellent visibility and accessibility. The ground floor encompasses 7,173 square feet of adaptable space, while an unfinished 3,447-square-foot attic provides significant expansion potential. The property includes room for approximately 26 onsite parking spaces, a significant advantage for both employees and customers. A fully permitted project, including a second-floor addition, has already cleared all necessary hurdles, with permits and SDC fees already paid. The interior is in pre-shell condition, ready for tenant build-out, and features a new roof and HVAC system installed in 2021, along with a new 1,200-amp electrical gear. This turnkey property offers a rare combination of location, zoning flexibility, and modern infrastructure, making it an attractive investment for discerning buyers. The asking price is $1,950,000. The property's address is 55 on Fifth, Cayuga, IN 47928.
Highlights
High-profile location in Eugene's Market District.
10,620 SF total building area (7,173 SF ground floor + 3,447 SF unfinished attic).
C-3 zoning allows retail, medical, office, and residential uses.
On-site parking for 26 vehicles.
Fully permitted project with second-floor addition; permits and SDC fees paid.
Pre-shell interior; new roof, HVAC, and 1200-amp electrical service installed in 2021.
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Justin Schmick
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55 On 5, Cayuga, Indiana, 47928
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