55 On 5 Cayuga, IN 47928
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.