108 Pike StVevay, IN 47043

For Sale
$750,000

Established Quilt Shop, High Income Potential

Overview

Added:
Feb 3
Days on market:
37
This exceptional commercial property in Vevay, Indiana, presents a unique investment opportunity. The main building, a well-maintained early 1900s brick structure, formerly a duplex, currently houses the thriving Cardinal Quilt Shop. The business boasts a strong reputation, attracting customers from a wide radius, and generates a gross annual income exceeding $200,000. Included in the sale price of $750,000 is over $700,000 worth of inventory, featuring two Optimum Long Arm Quilting Machines, one Supreme machine, and a substantial amount of fabric. The shop's rear addition, measuring 36x36 feet, offers a concrete floor and an overhead garage door, providing ample storage and workspace. The property extends to the alley and includes a separate storage pod. The second floor of the main building, while needing some cosmetic updates, offers significant potential. It could be converted into residential space for the owner or rented out as an apartment, generating additional income streams. The 0.13-acre lot provides convenient access and ample space for the business. This turnkey operation is ideally situated between Cincinnati and Louisville, benefiting from a strong regional customer base in the charming river town of Vevay. This is a rare chance to acquire an established, profitable business with significant growth potential.

Property Details for 108 Pike St

Property type
Other commercial real estate
Year Built
1900
Lot Size (sq. ft)
5,663 SF

Location Insight

City
Vevay
County
Switzerland
State
Indiana
Latitude
38.7482
Longitude
-85.06876
108 Pike St, Vevay, Indiana

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108 Pike St
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