2550 N State Highway 7 North Vernon, IN $ 1,495,000
2550 N State Highway 7
$ 1,495,000
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2550 N State Highway 7

North Vernon, IN, 47265
$ 1,495,000
Bedrooms-- Baths-- Sq 27,924

Monthly Estimate*

$ 9,205

2550 N State Highway 7, North Vernon, IN 47265 - Image 1
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Commercial Property for sale in North Vernon, IN

for $1,495,000. This 27,924 square foot building was built in 1973 on a lot size of 13.632.

INVESTMENT OPPORTUNITY - REAL ESTATE ONLY! Purchase with long-term commercial tenant already in place. Property also has approx. 6.5 additional acres to be developed. The plumbing supply store and barns have more than 27,000 sq. ft. The retail store has approx. 5,500 sq. ft retail showroom and 2,000 sq. ft. of office space. There are also two warehouse barns and 3.4 AC open lot which is currently used for plumbing pipe. The entire property totals more than 13.6 acres and is located next to the busiest intersection in Jennings County where Highway 50 and Highway 7 intersect. Also located 20 mins from the I-65 ramp and 30 mins from the I-74 ramp. Also an hours drive from Indianapolis, Cincinnati, and Louisville. The property is also located within city limits and has all major utilities including water, sewer, natural gas, and electric. The property also receives additional income from two separate billboards. If you're a commercial real estate investor this is a dream property.

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Commercial Active

Price

$ 1,495,000

Property Type

Commercial

Taxes

$ 7,398

Style

Retail

Lot Size

13.632

Year Built

1973

Town/City

North Vernon

County/Region

Jennings

MLS | Web ID

22106901

Features
General
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Negotiable
Roof Metal
Zoning Commercial and Ag
Year Built 1973
View City
Stories Count 1
Township Center
Property Subtype Retail
Tax Year 2025
Current Use Retail
Building Name Stearns Supply - A Wiseway Company
Additional Parcels Description PT SWQ NWQ 28-7-8 3.475 AC Tract B PT NWQ 28-7-8 4.098 AC PT SWQ NWQ 28-7-8 4.299 Tract D and PT SWQ NWQ 28-7-8 1 505 sq ft
County Jennings
Net Operating Income 93458
New Construction N
Property Type Commercial Sale
Possible Use Retail
Status Active
Directions GPS Friendly
High School Jennings County High School
City North Vernon
High School District Jennings County School Corporation
MLS Area 4005 - Jennings - Center
Lot Size Square Feet 593809
Current Financing Exchange - 1031 Conventional
Middle/Junior High School Jennings County Middle School
Additional Parcels Y/N Y
Standard Status Active
Tax Lot 40-09-28-200-024.000-004
Legal Description PT SWQ NWQ 28-7-8 1.760 Tract C
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Exterior
Parking Features Common
Building Area Total 27924
Lot Size Acres 13.632
Road Surface Type Asphalt
Road Frontage Type Highway
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* Excluded Features
List By
Coldwell Banker Martin Miller Lamb

Broker

tylerastock@gmail.com

Email

Affordability Calculator

$9,821
Per Month
94%
6%
0%
Monthly Principal & Interest
$9,205
Monthly Property Taxes
$617
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4046453 Elementary School
4046470 Middle School
Jennings County High School High School
Pricing History
DatePricePrice ChangeDescription
6/12/2026$1,495,000 Listed Price

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2550 N State Highway 7, North Vernon, IN, 47265 is a Commercial Property for sale at $1,495,000 with 27,924 sqft and a lot size of 13.632. 2550 N State Highway 7 was built in 1973. The property's zip code is 47265 which is in North Vernon, IN