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419 N State St
North Vernon, IN 47265
Land For Sale · 1.31 AC

Investment Highlights

  • Prime real estate for development with lots of commercial and residential options
  • High traffic area
  • More than 400 feet of road frontage along State Highway 7 and two access streets
  • City utilities; water, gas, sewer, electric

Executive Summary

DEVELOPMENT OPPORTUNITY on State Highway 7/State St in North Vernon. This approx. 1.3 acres of land is located in the heart of the city. It has more than 400 feet of road frontage along State Highway 7 and two access streets boarders the property on each side along with an alley in the back. The property has all utilities including water, sewer, natural gas and electric. This is prime real estate for development with lots of commercial and residential options. The property could be anything from townhomes to retail. There is a lot of growth and development happening along this stretch of road in North Vernon including WAWA, Duncan Donuts, Dominos and Subway. This is a rare find and opportunity.

Property Facts

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Multifamily
  • Fast Food
  • Medical
  • Restaurant
  • Single Family Development
  • Strip Centre
Total Lot Size 1.31 AC
Zoning R2 and commercial - The lots are not all zoned the same. Some are zoned R2 (duplex) and some Commercial.

1 Lot Available

Lot

Price $1,062,928 CAD
Price Per AC $811,395.68 CAD
Lot Size 1.31 AC

-8 city lots -Each lot is approximately 50x150 -The 2 lots with homes are rented month to month -The cell tower does not produce income - 2 street cuts -Utilities on site: water, gas, sewer, electric

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 40-09-33-140-056.000-004
  • 40-09-33-140-060.000-004
  • 40-09-33-140-055.000-004
  • 40-09-33-140-057.000-004
  • 40-09-33-140-058.000-004
  • 40-09-33-140-054.000-004
  • 40-09-33-140-061.000-004
  • 40-09-33-140-059.000-004
Land Assessment
$170,154 CAD
Improvements Assessment
$230,892 CAD
Total Assessment
$401,046 CAD
  • Listing ID: 40989147

  • Date on Market: 2026-06-19

  • Last Updated:

  • Address: 419 N State St, North Vernon, IN 47265

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