1466 Highway 64 Ramsey, IN 47166
This exceptional 3.62-acre property in Ramsey, Indiana, presents a unique investment opportunity with three distinct buildings. Ideally situated on Highway 64 NW, this location offers excellent visibility and convenient access to major east-west routes. The first building, closest to the highway, boasts two loading docks, making it suitable for various uses, including retail, storage, or wholesale distribution. Its history as a feed and grain mill, coupled with existing water garden infrastructure, suggests potential for agricultural or horticultural businesses. The second building, a sturdy structure, previously served as a machine and welding shop, offering ample space for industrial or manufacturing purposes. The third building is a two-story structure with ground-floor retail or storage space and two apartments on the upper level, providing additional income potential or housing for employees. The entire property is available for purchase as a single unit, offering a cohesive and versatile investment, or individual buildings may be considered for separate sale. This property's diverse building types and prime location present endless possibilities for a wide range of commercial and residential ventures. The substantial acreage provides ample room for expansion or future development. This is a rare opportunity to acquire a multi-use property with significant potential in a desirable location.
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.