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412 S Madison Ave 10,824 SF 100% Leased Flex Building North Vernon, IN 47265 $798,646 CAD ($73.78 CAD/SF)

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EXECUTIVE SUMMARY

Unlock an extraordinary opportunity to own a highly versatile commercial property perfectly positioned at the entrance of Tripton Park, one of North Vernon's most scenic community destinations. Surrounded by walking trails, a disc golf course, a serene pond, and an amphitheater, this building offers unmatched visibility and peaceful natural surroundings; a rare blend ideal for a destination business. Offering nearly 11,000 sq. ft. of usable space, this property provides limitless potential for redevelopment or immediate use. The main level features two restrooms, a private dining room, a spacious primary dining room with access to an outdoor seating deck overlooking the park, and a full commercial kitchen. Whether reimagined as a brewery, cafe, or wellness/fitness concept, the layout supports a wide range of commercial uses. The impressive walk-out basement spans the full footprint of the building and showcases beautiful park views. This level is perfectly suited for expansion of office suites, a studio, storage, or other income-producing options. Previously home to a local restaurant, the infrastructure is already in place for food service or hospitality operations; yet the flexible design invites reinvention. With high daily traffic from park visitors, strong community visibility, and unparalleled natural surroundings, the possibilities are limited only by your vision.

PROPERTY FACTS

Price $798,646 CAD
Price Per SF $73.78 CAD
Sale Type Investment or Owner User
Property Type Flex
Rentable Building Area 10,824 SF
No. Stories 1
Year Built 1972

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
40-09-34-400-045.002-004
Land Assessment
$40,835 CAD
Improvements Assessment
$123,200 CAD
Total Assessment
$164,035 CAD
  • Listing ID: 39100662

  • Date on Market: 2026-01-15

  • Last Updated:

  • Address: 412 S Madison Ave, North Vernon, IN 47265

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