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Listed by Daniel Smith • F.C. Tucker Real Estate Expert
$124,900
Est. payment /mo
5,550 SqFt
Active
504 E O And M AVE North Vernon, IN 47265
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UPDATED:
07/01/2024 05:05 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,550 sqft
Price per Sqft $22
MLS Listing ID 21967970
Year Built 1880
Tax Year 2023
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Built in 1868, the three-story brick building at 504 East O&M Avenue is one of the North Vernon's tallest downtown structures. Notable as the first location of J.R. Greathouse & Son's Hardware, the building eventually became a warehouse for the business's second location across the street. Greathouse closed its doors in 2017 after 85 years in operation. The commercial building occupies a prominent corner in North Vernon's Downtown National Register Historic District and could be adapted for retail on the first floor with apartments above. Indiana Landmarks has completed interior structural work and clean-out and installed a new metal roof and made repairs to the building's cornice, overhangs, and boxed gutters. The building is eligible for Federal Rehabilitation Tax credits as an income-producing property and Indiana's Historic Renovation Grant Program administered through the Office of Community and Rural Affairs. The property will be sold subject to preservation covenants governing exterior rehabilitation and interior woodwork. The property includes a nearby city-owned vacant lot that could be used for off-street parking to support a new use in the building. The lot on which the building stands affords an opportunity for a sizable addition to expand the building's footprint/square footage.
Location
State IN
County Jennings
Zoning Commercial
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected
Building
Story 3
New Construction false
Schools
Middle Schools Jennings County Middle School
High Schools Jennings County High School
School District Jennings County School Corporation
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