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North Vernon,IN 47265
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 11,676 sqft
Price per Sqft $119
MLS Listing ID 22052250
Year Built 1968
Tax Year 2024
Lot Size 0.674 Acres
Acres 0.674
Property Sub-Type Multi-Family 5+
Property Description
Ellsbury Commercial Group is pleased to present Sycamore Manor, a 16-unit apartment community ideally situated in the heart of North Vernon, Indiana-affectionately known as "The Gem of the Midwest." Tucked within an established residential neighborhood, Sycamore Manor offers a serene, tree-lined setting that backs directly onto the walking path connecting the local elementary, middle, and high schools. This unique positioning creates a seamless blend of community accessibility and peaceful living-an appealing combination for families and long-term tenants alike. Sycamore Manor benefits from its strategic location in Jennings County, which is supported by a strong and diverse industrial base. Major employers in the area include Lowe's Distribution Center, Martinrea International, and Hilex Poly, a division of Novolex. The local economy is further bolstered by a network of small to mid-sized advanced manufacturers-particularly in tool & die and automotive components-such as Decatur Mold, American Axle & Manufacturing Inc., and Decatur Plastic Products. This mix of large-scale employers and specialized manufacturers contributes to consistent demand for workforce housing, positioning Sycamore Manor as a compelling investment opportunity within a stable and growing economic environment.
Location
State IN
County Jennings
Zoning Multifamily
Rooms
Basement Apartment
Interior
Heating Electric,Baseboard
Cooling Window Unit(s),Wall Unit(s)
Fireplace N
Exterior
Utilities Available Electricity Connected,Sewer Connected,Water Connected
View Y/N false
Roof Type Asphalt
Building
Story Three Or More
Foundation Concrete Perimeter
Structure Type Brick
New Construction false
Schools
Elementary Schools North Vernon Elementary School
Middle Schools Jennings County Middle School
High Schools Jennings County High School
School District Jennings County School Corporation