12949 State Rd 56 Vevay, IN 47043-2756
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.
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
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.