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    1632 S State Road 101 Dillsboro, IN 47018

    Under Contract
    For Sale
    $425,000

    Investment - Dillsboro, IN

    Lot size:
    4.72 Acres
    Days on Market:
    86
    Last Refresh:
    Dec 13 at 10:06 am

    Property Features for 1632 S State Road 101

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Commercial
    APN
    69-15-18-300-012.000-021
    Parking features
    None, On Street
    Lot size
    4.72 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1945
    Floors in Building
    2
    Flooring type
    Carpet, Concrete, Tile
    Building materials
    Metal Siding, Wood Siding
    Roof type
    Metal
    Architectural style
    Other

    Lohmiller Real Estate (812) 584-6880 [email protected]

    Listing agent Andrew Lohmiller (812) 537-1023 License #RB14037175

    Listing date Sep 19, 2025

    MLS# 205155 Listing URL

    Copyright © 2025 Southeastern Indiana Board 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

    Commercial Property with Redevelopment Potential

    This 4.7-acre commercial property is located at the intersection of US 50 and SR 101 in Dillsboro, IN, benefiting from a daily traffic count of 9,722. The property includes three buildings and presents a redevelopment opportunity for another commercial use, such as a large gas station and convenience store. Currently, the property offers multiple income streams. Building 1 features two units in excellent condition, including a 1,287 sq ft residential apartment on the first floor and a professional office on the second floor. Building 2 is a 2,400 sq ft single-story multi-purpose building suitable for retail, office, or warehouse use, though it requires some work. Building 3 contains 784 sq ft divided into 10 mini self-storage units, each with exterior access. All units on the property are currently vacant, providing flexibility for the new owner. This property represents an investment opportunity with income potential while planning for future redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dillsboro
    County
    Dearborn
    State
    Indiana
    Longitude
    -85.13103
    Latitude
    39.05293

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    FAQs

    What type of property is this?
    Investment property - 4.7 acre commercial property with income potential and redevelopment opportunity.
    Where is this investment property located?
    The property is located at 1632 S State Road 101 Dillsboro, IN.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - High visibility location at the intersection of US 50 & SR 101 with a high daily traffic count (9,722).; - 4.7 acres suitable for commercial redevelopment, such as a large gas station and convenience store.; - Multiple income sources with 3 buildings.
    (812) 537-1023
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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
    1632 S State Road 101 Dillsboro, IN 47018
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