108 Pike StVevay, IN 47043

Property Details for 108 Pike St

Year built

1900

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

3,888 SF

Property type

Other commercial real estate

APN

78-14-14-442-058.000-004

APU

781414442058000004

Description

This exceptional commercial property in Vevay, Indiana, presents a unique investment opportunity. The main building, a well-maintained early 1900s brick structure, formerly a duplex, currently houses the thriving Cardinal Quilt Shop. The business boasts a strong reputation, attracting customers from a wide radius, and generates a gross annual income exceeding $200,000. Included in the sale price of $750,000 is over $700,000 worth of inventory, featuring two Optimum Long Arm Quilting Machines, one Supreme machine, and a substantial amount of fabric. The shop's rear addition, measuring 36x36 feet, offers a concrete floor and an overhead garage door, providing ample storage and workspace. The property extends to the alley and includes a separate storage pod. The second floor of the main building, while needing some cosmetic updates, offers significant potential. It could be converted into residential space for the owner or rented out as an apartment, generating additional income streams. The 0.13-acre lot provides convenient access and ample space for the business. This turnkey operation is ideally situated between Cincinnati and Louisville, benefiting from a strong regional customer base in the charming river town of Vevay. This is a rare chance to acquire an established, profitable business with significant growth potential.

• Alternative Use

  Use

  Valuation

  Residential

  $657,198

  Hospitality

  $601,990

  Educational

  $500,848

  Medical

  $518,073

  Retail

  $779,098

Location Insight

City

Vevay

County

Switzerland

State

Indiana

Latitude

38.7483

Longitude

-85.0688

Property Tax & Assessments

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