4492 Us Highway 421 Versailles, IN 47042
- Commercial real estate
- 4,784 SF
- 1.37 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 4492 Us Highway 421
- Year built
- 1954
- Construction
- WOOD
- Lot size
- 1.37 lot acres
- Property size
- 4,784 SF
- Property type
- Commercial real estate
- APN
- 69-13-34-800-009.000-013
- APU
- 691334800009000013
Description
This exceptional 1.82-acre property, located at 4492 S US Highway 421 in Versailles, Indiana, presents a remarkable business opportunity. The clean and well-maintained building, previously used as a bulk food store, offers immense versatility. Its strategic location between the historic towns of Madison and Versailles ensures high visibility and accessibility. The building itself features a mini-kitchen with a hand-washing station and a three-basin sink, along with a half-bath, office space, and ample storage. A full basement provides even more storage and includes a shower. The property also boasts a substantial 34x48 garage, offering additional storage capacity. This garage is equipped with a 100-amp electric breaker box and features both an 8x16 overhead door and a 10x16 barn-style door. Adding to the property's charm is an old hitching post situated in front of the garage. The property extends across both sides of 450 S. While the total acreage is 1.8230 acres, the usable acreage is approximately 1.37 acres due to existing roadways. The property is zoned as Local Business, allowing for a wide range of potential uses, including retail, wholesale, restaurant, office space, or even conversion into a multi-family dwelling. This property offers a unique blend of functionality, location, and potential, making it an ideal investment for discerning entrepreneurs.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Versailles
- County
- Ripley
- State
- Indiana
- Longitude
- -85.2873
- Latitude
- 39.0085