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    1400 W Appr Is Dr Shelby, IN 46377

    For Sale
    $59,900

    Unimproved Land - Shelby, IN

    Type:Unimproved Land
    Lot size:
    1.05 Acres
    Days on Market:
    360
    Last Refresh:
    Dec 7 at 4:06 am

    Property Features for 1400 W Appr Is Dr

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    452433152001000007
    Exterior features
    Level
    Lot size
    1.05 Acres

    Utilities

    Water front features
    Canal Front, Lake Front, River Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    McColly Real Estate (219) 864-7200 [email protected]

    Listing agent Lori Voigt (219) 374-2121 License #RB14043530

    Listing date Dec 13, 2024

    MLS# 542778 Listing URL

    Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Near Kankakee River

    This 1.053-acre property is located in Shelby, Indiana, in the bayou of the Kankakee River. The site offers tranquility and relaxation. While a house previously existed on the property, it was destroyed by fire. However, the foundation, well, septic system, and electric infrastructure remain on the premises. An oversized 1.5 car garage provides ample storage space, and a new concrete driveway has been installed. This property presents an opportunity for a weekend getaway or year-round living on the river.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Shelby
    County
    Lake
    State
    Indiana
    Longitude
    -87.347379
    Latitude
    41.182757

    FAQs

    What type of property is this?
    Land - 1.053 acre lot with utilities near Kankakee River.
    Where is this land located?
    The property is located at 1400 W Appr Is Dr Shelby, IN.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: - 1.053 acre waterfront property on the Kankakee River bayou; - Foundation, well, septic, and electric already on the premises; - **Oversized 1.5 car garage for storage**
    (219) 374-2121
    Request Owner's contact information
    1400 W Appr Is Dr Shelby, IN 46377
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    Shelby, IN 46377
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1400 W Appr Is Dr Shelby, IN 46377
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