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111 S Jackson Street

Perrysville, IN 47974

ActiveListed Aug 20, 2026 · 3 days on market

Key facts

Living area
4,200 sqft
Lot
0.12 acres
Year built
1900
Type
Commercial Sale · Mixed Use
MLS #
22112805
County
Vermillion
Total building area
4,200 sqft

About this home

New commercial business for sale! If you are looking for a turn key business to own, this is it. This property is mixed use with a retail business on ground level and two apartments on the second level. Rental income is already established for the entire building. Located in the downtown area of Perrysville, Indiana, this property offers a great investment. The two second floor aprtments consists of a two bedroom, one bath, with a living room and kitchen. The other apartment is a studio style that has been remodeled. Each apartment has front and rear stair access. Parking for tenants is located in the back of the property, while customer parking is in front along the street. Situated adjacent to this building is another rental to the south, and to the north, another mixed use property is currently being remodeled. The opera house on the corner is currently under renovation to become the city community building and plans for the opera house portion to be renovated. During spring, summer, and fall the owner hosts Summer Cruise nights on every fourth Thursday of each month. Music, food, and classic cars come together to help raise money for the community building. All measurements are approximate.

Description provided by the listing brokerage.

Interior

Security
Closed Circuit Camera(s)

Exterior

Roof
Rubber
Parking and garage
Detached

Systems

Heating
Zoned
Cooling
DualWindow Unit(s)
Utilities
Cable AvailableElectricity ConnectedSewer ConnectedWater Connected

Lot and HOA

Zoning
Commercial

Schools

Elementary school
North Vermillion Elementary School
High school
North Vermillion High School
School district
North Vermillion Com Sch Corp

Taxes

Estimated annual tax
$799 / yearTwice the semi-annual installment the listing reports.
Tax year
2026

Estimate your monthly payment

$1,280per month, estimated
Principal and interest $1,134Property tax $67Insurance $79
20% · $45,000
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$225,000
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