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Property profile & analytics
OFF-MARKET
Auto shops

12949 State Rd 56 Vevay, IN 47043-2756

3,553 SF 0.51 ac lot Built 1900
Individually Owned 8-yr Hold Free & Clear
Property ID
US31-1200849
Property summary
AI-generated overview

This prime commercial property, located at 12949 N State Road 56 in Vevay, Indiana, presents a unique investment opportunity. The 0.51-acre lot features a three-bay garage with an integrated office space, ideal for a variety of uses. The building boasts 10'-12' ceilings and doors, accommodating even larger vehicles and equipment. For nearly two decades, a successful auto service shop has operated from this location, demonstrating its suitability and established clientele base. Its strategic position at the intersection of State Roads 56 and 250, in the East Enterprise area, ensures high visibility and accessibility. The property benefits from significant daily traffic flow, serving as a major route for commuters traveling between Lawrenceburg, Rising Sun, Vevay, Madison, Versailles, Markland Dam, Cincinnati, Ohio, Warsaw, Kentucky, and Interstate 71. This high volume of traffic includes semi and heavy trucks, making it suitable for businesses requiring such access. Furthermore, the property's convenient location offers proximity to essential amenities such as grocery stores, gas stations, and restaurants, all within walking distance. This combination of high traffic volume, convenient location, and existing building infrastructure makes this a truly exceptional rural commercial opportunity. The asking price is $129,900.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1900
Construction WOOD
Total area 3,553 SF
Lot 0.51 ac (22,216 SF)
APN 78-09-04-111-012.001-001
UPID US31-1200849
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
HELEN HAINES
HELEN HAINES
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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