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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 Under Contract
| Price | $575,000 | Rentable Building Area | 10,824 SF |
| Price Per SF | $53.12 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1972 |
| Property Type | Flex | Tenancy | Single |
| Building Class | B | Parking Ratio | 4.53/1,000 SF |
| Lot Size | 1.09 AC |
| Price | $575,000 |
| Price Per SF | $53.12 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Building Class | B |
| Lot Size | 1.09 AC |
| Rentable Building Area | 10,824 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Tenancy | Single |
| Parking Ratio | 4.53/1,000 SF |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 40-09-34-400-045.002-004 | Improvements Assessment | $104,300 |
| Land Assessment | $29,400 | Total Assessment | $133,700 |
Property Taxes
Parcel Number
40-09-34-400-045.002-004
Land Assessment
$29,400
Improvements Assessment
$104,300
Total Assessment
$133,700
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412 S Madison Ave
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