$1,600,000

2330 N State Highway 3 North Vernon, IN 47265

Estimated payment $8,705/month

Total Views 89,678
2 Beds
1 Bath
880 Sq Ft
$1,818 Price per Sq Ft

Highlights

  • 5.46 Acre Lot
  • 1 Car Detached Garage
  • 1-Story Property
  • No HOA
  • Woodwork
  • Forced Air Heating and Cooling System

About This Home

Rare 5.46 Acre Development Opportunity- Prime Commercial Location near Walmart. This exceptional 5.46 acre property is on the market for the first time in over 44 years! This also includes property 2240 N State Hwy 3 North Vernon,IN 47265. Ideally located between Walmart and other major supercenters, this high traffic area offers potential for commercial development. Currently zoned residential (Easily Convertible to Commercial). With its prime location and heavy vehicle and foot traffic, the property is a perfect opportunity for investors or businesses. With direct access from State Highway 3, It is located less than 1 mile from the multi-million-dollar Highway 50 bypass completed in 2017, which provides connectivity to surrounding regions. Community Growth: * Economic Expansion: North Vernon has recently secured $30 million in READI funding, earmarked for projects that enhance quality of life and attract new businesses. Residential Development: * North Vernon broke ground on Heritage Estates, a $35+ million housing project adding over 111 units within 2.5 miles of property. Development Potential: * Versatile Use, Ideal for grocery chains, retail outlets, or large scale commercial enterprises. * Infrastructure Ready, Proximity to essential utilities and direct access from State Highway 3 facilitate swift development. Recent growth in North Vernon, including new housing developments and revitalized downtown investments, makes this a can't miss opportunity!

Listing Agent

Daniel Smith

F.C. Tucker Real Estate Experts License #Rb23000637 Listed on: 01/06/2025

F.C. Tucker Real Estate Experts

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,768

Year Built

  • Built in 1908

Lot Details

  • 5.46 Acre Lot
  • Additional Parcels

Parking

  • 1 Car Detached Garage

Home Design

  • Block Foundation
  • Wood Siding

Interior Spaces

  • 880 Sq Ft Home
  • 1-Story Property
  • Woodwork

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Jennings County Middle School
  • Jennings County High School

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • No Home Owners Association
  • North Vernon Subdivision

Listing and Financial Details

  • Tax Lot /
  • Assessor Parcel Number 400928400079000004

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,768

Year Built

Built in 1908

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Type: Residential
  • New Construction: No
  • Tax Year: 2023
  • Year Built: 1908
  • Building Area Total: 880
  • Garage Y N: Yes
  • Lot Size Acres: 5.46
  • Subdivision Name: North Vernon
  • Transaction Type: Sale
  • Accessibility Features YN: No
  • Special Features: None

Interior Features

  • Basement: No
  • Appliances: None
  • Levels: One
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Wood Work Painted
  • Living Area: 880
  • Eating Area: None
  • Basement Full Bathrooms: 0
  • Main Level Full Bathrooms: 1
  • Main Level Sq Ft: 880
  • Basement Half Bathrooms: 0
  • Main Half Bathrooms: 0

Exterior Features

  • Construction Materials: Wood Siding
  • Foundation Details: Block

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Detached

Utilities

  • Utilities: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Forced Air
  • Water Source: Public
  • Solid Waste: No

Condo/Co-op/Association

  • Association YN: No

Schools

  • Middle Or Junior School: Jennings County Middle School

Lot Info

  • Property Attached Yn: No
  • Additional Parcels Description: PT SW 1/4 SEQ 28-7-8 1.497AC PT SW 1/4 SEQ 28-7-8 1AC
  • Additional Parcels: Yes
  • Horse Amenities: None
  • Lot Size Sq Ft: 129635
  • Parcel Number: 400928400079000004
  • Acres: 5-10 Acres

Tax Info

  • Tax Annual Amount: 3768
  • Tax Lot: /
  • Semi Annual Property Tax Amt: 1884

MLS Schools

  • High School: Jennings County High School

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,248 $298,500 $34,900 $263,600
2023 $3,767 $262,400 $34,900 $227,500
2022 $2,785 $243,700 $34,900 $208,800
2021 $4,596 $221,700 $34,900 $186,800
2020 $4,524 $218,600 $34,900 $183,700
2019 $4,287 $207,100 $34,900 $172,200
2018 $4,215 $203,600 $34,900 $168,700
2017 $4,174 $201,800 $34,900 $166,900
2016 $4,173 $202,000 $34,900 $167,100
2014 $4,306 $209,100 $34,900 $174,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2025 01/06/25 For Sale $1,600,000 -- $1,818 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22017049

MIBOR Broker Listing Cooperative®

APN: 40-09-28-400-079.000-004