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7950 N State Road 59

Brazil, IN 47834

PendingListed Jul 30, 2026 · 24 days on market

Key facts

Living area
12,000 sqft
Lot
2.93 acres
Year built
1978
Type
Commercial Sale · Retail
MLS #
22117003
County
Clay
Total building area
12,000 sqft

About this home

Opportunity awaits on this almost 12,000 sqft store front with tenants already in place. Situated on almost 3 acres the possibilities are endless. Suites 1-7 have tenants in place with Suites 8 & 9 currently used by the owner and ran as a Lawn & Garden business. Suites 8 & 9 would be available to the new owner to use or to rent for additional income. This area also includes a large 113x20 back room that is heated and cooled. The billboard out front with 4 signage areas generates additional income along with the 10 spots out front rented during covered bridge. Also, on its own meter. The 112x71 pole barn in the back of the property great for a workshop, 10-foot garage doors, 12-foot ceilings inside with insulated walls and ceiling, great for storage or boat/car storage. Most of the suites are on their own electric meter and have their own HVAC. There is a total of 3 (1/2) bathrooms. City water and septic. Front show room has 3 overhead gas furnaces, 2 electric furnaces and 2 AC units. This is a heavily traveled area on 59. The building was updated in 2016 inside and out. Additional insulation was added in the attic to help reduce utility cost a few years ago. While it currently is set up with 8 suites, some of the suites could be divided or expanded for additional space. Parking is never an issue here as you can see. The back building and side area would be a great area for expanding or building something new. Finding almost 3 acres of prime real estate with this must road frontage is hard to find in this area.

Description provided by the listing brokerage.

Exterior

Roof
Aluminum
Parking and garage
GravelStorageWorkshop in Garage

Systems

Heating
ZonedElectricForced AirNatural Gas
Cooling
Central Air
Utilities
Electricity ConnectedNatural Gas ConnectedSep Electric MeterSeptic SystemWater Connected

Lot and HOA

Zoning
Other

Schools

Elementary school
Jackson Township Elementary School
Middle school
North Clay Middle School
High school
Northview High School
School district
Clay Community Schools

Taxes

Estimated annual tax
$2,870 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$4,551per month, estimated
Principal and interest $4,032Property tax $239Insurance $280
20% · $159,980
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$799,900
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