2346 Highway 64 NW, Ramsey, IN 47166
For Sale
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This exceptional 3-acre industrial property at 2346 Highway 64 NW in Ramsey, Indiana, presents a remarkable opportunity for commercial ventures. Currently operating as Scott Auto Sales, the property includes a main office building (24' x 40') featuring a foyer, two offices, storage space, a full kitchen, and a half bathroom. The building boasts superior insulation (4.5" Styrofoam under flooring, R40 in walls and attic), ensuring energy efficiency. The sale includes most existing inventory. A profitable 3-bay car wash generates approximately $500 in monthly net income, equipped with updated pumps, an on-demand water heater, an air compressor, a backflow system, and a change machine. A spacious garage/workshop is also included, fully equipped (excluding the tire changer and golf carts), and features two bathrooms. Two separate septic systems serve the property. The property benefits from a recently filled, owned LP gas tank and all buildings have new roofs. Additional acreage at the rear, bordering a cornfield, offers potential for expansion (zoning variance required). This location is ideally suited for an auto body shop or continued car sales, offering significant potential for growth and diverse income streams. The asking price is $255,000.
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.
