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2585 N State HWY 3

North Vernon, IN 47265

ActiveListed Jan 10, 2026 · 9 days on market

Key facts

Lot
13.431 acres
Type
Land · Unimproved Land
MLS #
22079455
County
Jennings
Subdivision
No Subdivision

About this home

**Prime Development Opportunity on State Highway 3** Rarely does a property with this level of visibility, acreage, and flexibility come available. This offering includes **two parcels totaling 13.431 acres** with **extensive frontage on State Highway 3**, positioning it perfectly for future growth and maximum exposure. The property features a **3-bedroom, 2-bath home** with a **2-car garage**, ideal for immediate residential use, rental income, or as an on-site office during development. A **small outbuilding has been used as a shop** adds functional value for storage, operations, or workspace. Located just minutes from **Walmart** and the **Lowe's Distribution Center**, this site sits in a high-traffic, high-demand corridor surrounded by established retail, employment centers, and ongoing growth. The large acreage and highway frontage make it well-suited for **housing development, retail, commercial, or mixed-use projects**. Whether you're an investor, developer, or owner-user looking for a strategic location with built-in flexibility, this property checks all the boxes: location, visibility, size, and opportunity. Properties with this combination of features don't come along often-this one is ready for vision and momentum.

Description provided by the listing brokerage.

Exterior

Other structures
Shed(s)Tenant HouseUtility Buildings(s)

Lot and HOA

Zoning
Family Dwell/Vacant Land

Schools

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

Taxes

Estimated annual tax
$4,098 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$4,651per month, estimated
Principal and interest $4,030Property tax $342Insurance $280
20% · $159,900
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$799,500
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