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2330 N State Highway 3

North Vernon, IN 47265

PendingListed Jan 6, 2025 · 476 days on market

Key facts

Beds
2
Baths
1 full
Living area
880 sqft
Lot
5.46 acres
Year built
1908
Type
Residential · Single Family Residence
Stories
One
Garage
1 space
MLS #
22017049
County
Jennings
Subdivision
North Vernon

About this home

Rare 6.019 Acre Development Opportunity in one of North Vernon's most strategic commercial corridors. Offered for the first time in over 44 years, this property includes 2240 N State Hwy 3 and sits directly between Walmart and other established national retailers, placing it in a proven high-traffic location with excellent visibility and strong daily vehicle count. Currently zoned residential with strong potential for commercial conversion, this site offers flexibility for investors, developers, and businesses looking to capitalize on continued growth in the area. Direct access from State Highway 3 and less than one mile from the Highway 50 bypass (completed in 2017) provides outstanding regional connectivity and ease of access for customers, employees, and suppliers. North Vernon continues to show forward momentum. The city has secured $30 million in READI funding focused on economic expansion and quality-of-life improvements designed to attract new employers and commercial investment. In addition, the $10+/- million Heritage Estates development is underway within approximately 2.5 miles, adding over 111 residential units and increasing nearby consumer density. Surrounded by big-box anchors, expanding housing developments, and ongoing downtown revitalization, this location is well-positioned for grocery, retail, restaurant, medical, or large-scale commercial use. Utilities are nearby, and the combination of size, access, and location makes this a rare opportunity in a market where tracts of this scale in prime corridors seldom become available. Opportunities like this are limited in Jennings County.

Description provided by the listing brokerage.

Interior

Interior features
Wood Work Painted
Rooms
3
Main-level bedrooms
2

Exterior

Construction
Wood Siding
Foundation
Block
Style
Traditional
Parking and garage
Detached

Systems

Heating
Forced Air
Cooling
Central Air
Water
Public
Utilities
Electricity ConnectedNatural Gas AvailableSewer ConnectedWater Connected

Schools

Middle school
Jennings County Middle School
High school
Jennings County High School
School district
Jennings County School Corporation

Taxes

Estimated annual tax
$3,768 / yearTwice the semi-annual installment the listing reports.
Tax year
2023

Estimate your monthly payment

$8,939per month, estimated
Principal and interest $8,065Property tax $314Insurance $560
20% · $320,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$1,600,000
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