103 Tyson St Versailles, IN 47042-8035
This exceptional commercial property, situated on the historic courthouse square in Versailles, Indiana, presents a unique investment opportunity. The 0.18-acre lot houses a building ideally positioned to capitalize on the area's burgeoning tourism and local patronage. Versailles enjoys a vibrant culinary scene, boasting numerous restaurants, pubs, breweries, and wineries, attracting both locals and visitors. Its convenient location, approximately 40 minutes or less from several Indiana towns (including Greensburg, Madison, Batesville, Brookville, St. Leon, Lawrenceburg, Aurora, Bright, Rising Sun, and Harrison) and within an hour's drive of Cincinnati, Ohio, ensures a wide customer base. The property is perfectly suited to benefit from the increasing popularity of day trips, casino visits, and outdoor tourism in southeastern Indiana. This building embodies the current trend of repurposing vintage structures, offering a blend of historical charm and modern adaptability. The property's prime location on the courthouse square provides excellent visibility and accessibility. This is an exceptional chance to acquire a piece of Versailles's rich history and participate in its continued growth. The auction concludes March 7th, 2025, at 7 PM. This is a rare opportunity to own a piece of this thriving community.
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The Hassmer House Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.