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!
Active
$1,600,000
2330 N State Highway 3, North Vernon, IN 47265
2beds
880sqft
Est.:
Residential, Single Family Residence
Built in 1908
5.46 Acres Lot
$-- Zestimate®
$1,818/sqft
$-- HOA
What's special
High traffic areaPrime commercial location
- 153 days
- on Zillow |
- 116 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: January 07, 2025 at 02:39pm
Listing Provided by:
Daniel Smith daniel.smith@talktotucker.com,
F.C. Tucker Real Estate Experts
Source: MIBOR as distributed by MLS GRID,MLS#: 22017049

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Features: Other
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Bedroom 2
- Features: Other
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Living room
- Features: Other
- Level: Main
- Area: 196 Square Feet
- Dimensions: 14x14
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: None
Features
- Windows: Wood Work Painted
- Has basement: No
Interior area
- Total structure area: 880
- Total interior livable area: 880 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
Lot
- Size: 5.46 Acres
Details
- Additional parcels included: PT SW 1/4 SEQ 2878 1.497AC PT SW 1/4 SEQ 2878 1AC
- Parcel number: 400928400079000004
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Wood
- Foundation: Block
Condition
- New construction: No
- Year built: 1908
Utilities & green energy
- Water: Municipal/City
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: North Vernon
HOA
- Has HOA: No
Location
- Region: North Vernon
Financial & listing details
- Price per square foot: $1,818/sqft
- Tax assessed value: $298,500
- Annual tax amount: $3,768
- Date on market: 1/7/2025
- Electric utility on property: Yes
- Loading
- Loading