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$110,000 Just Listed
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Property Description
Commercial property lovers, this one's for you! This property has endless opportunities with exceptional visibility on State Road 421, seeing approximately 3 million vehicles pass by per year, per DOT traffic counts. It offers 300 feet of road frontage, making it a perfect location for maximum exposure and access. The building is well-suited for a wide range of commercial uses such as a restaurant, office space, retail storefront, service-based business, the list goes on and on! The large covered awning is such a standout feature for a drive-in/drive-thru restaurant concept. This property presents an immediate revenue source through renting out signage space for all tourists, travelers, and residents to view. Electrical systems have been updated, the roof is in good condition with zero leaks, and the excess windows have been replaced with insulated drywall for the colder months. With high traffic counts, strong frontage, and flexible use opportunities, this property is a rare chance to secure high-exposure possibilities!
Full Property Details
Full Property Details for 508 US-421
General
- Price: $110,000
- Taxes: $1,274 (2025)
- Status: Active
- Type: Commercial
- Source: GNIAR
- MLS ID: 835035
- Updated: 3/6/2026
- Added to Site: 6 day(s) ago
Interior
- Appliances: Electric Range, Refrigerator, Other, Freezer
Parking
- Parking Features: Additional Parking, Concrete, Asphalt
Location
- County: Pulaski
- Township: White Post
- Driving Directions: From US30, head south on US421, property is located right off highway 421.
Heating & Cooling
- Heating Type: Propane
Structural Information
- Square Feet: 1,552
- Year Built: 1953
Lot Features
- Lot Size (Acres): 0.4912
- Lot Size (Sq. Ft.): 21,397
- Zoning: Commercial
Financial Considerations
- Tax Amount: $1,274
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: PT NW NW SEC 4.501A
- Property ID: 661304207024001019
Listed by Banga Realty, LLC
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Schools
Schools serving 508 US-421
School District:West Central School Corporation
| Name | Grades | Distance |
|---|---|---|
West Central Elementary School, Francesville, IN 1842 U.S. 421, Francesville, IN 47946 | K-6 | 3.8 mi |
West Central Middle School, Francesville, IN 1852 U.S. 421, Francesville, IN 47946 | 7-8 | 3.9 mi |
West Central Senior High School 1852 U.S. 421, Francesville, IN 47946 | 9-12 | 3.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 508 US-421
Date
Details
Price
Change
Source
3/06/2026
Listed
$110,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 508 US-421
508 Us-421, Medaryville, IN 47957 (MLS# 835035) is a Commercial property. 508 Us-421 is currently listed for $110,000 and was received on March 06, 2026. Want to learn more about 508 Us-421? Do you have questions about finding other Commercial real estate for sale in Medaryville? You can browse all Medaryville real estate or contact a Coldwell Banker agent to request more information.

