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Executive Summary

Opportunity for redevelopment in New Palestine, Hancock county Indiana. Has been used as residential but zoned B-2, so lots of commercial possibilities. Near the intersection of US-52 and S 500 W. You’ll be situated near lots of retail and offices. Come see this opportunity for yourself and bring your vision to life. Discover this opportunity at 5037 W Us Highway 52 HWY W in NEW PALESTINE, IN. This charming 1240 square foot single-family residence, built in 1950, offers a unique foundation for your envisioned lifestyle. This inviting single-story home sits on a generous .36 of an acre, providing ample outdoor space for relaxation or recreation. Embrace the potential of this distinctive property and schedule your private showing today. There are endless possibilities with this one. You can live here and run a small business! Possible commercial opportunities. You'll enjoy the floor plan, nice size lot, basement, and big garage just to name a few of it's features. Make sure to see the office attached to the garage with it's own bath. This home use to be a 3 bedroom - said 3rd bedroom was turned into a second full bath and laundry room on the main level. There is laundry in the basement too. Conveniently located and beautiful lot to boot! Two covered porches! See it today!

Property Facts

Price $275,000
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.36 AC

1 Lot Available

Lot N/A

Price $275,000
Price Per AC $763,888.89
Lot Size 0.36 AC

0.36 Acre lot in the heart of New Palestine, Hancock County Indiana. Used as residential, Zoned B-2, so lots of opportunities

Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
30-10-30-100-012.001-013
Land Assessment
$40,000
Improvements Assessment
$131,900
Total Assessment
$171,900
  • Listing ID: 41730994

  • Date on Market: 8/13/2026

  • Last Updated:

  • Address: 5037 W US Highway 52, New Palestine, IN 46163

Contact the Sale Advisor

5037 W US Highway 52

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