Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    2260 S Us Highway 35 Knox, IN 46534

    View on Map
    Claim this Listing
    For Sale
    $250,000

    LAND - Knox, IN

    Lot size:
    1.00 Acre
    Added:
    Aug 28, 2025
    Days on Market:
    248
    Last Refresh:
    May 2 at 9:06 pm

    Property Features for 2260 S Us Highway 35

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    750635100006100003
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    PT N 1/2 N 1/2 S 1/2 NW S35 T33 R2 1A.
    Tax Annual Amount
    763

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Eric Pace

    Listing agent Eric Pace License #RB14051193

    Listing office BHHS Executive Realty 1201 N. Main St, Crown Point, IN

    Listing date Aug 28, 2025

    MLS# 826888 Listing URL

    Copyright © 2026 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

    Commercial Lot on US Highway

    This is a 1-acre commercially zoned lot situated directly on US Highway 35 in Knox. The property benefits from excellent visibility along a heavily traveled major thoroughfare. The lot is level and has utilities on site. Existing signage is in place, and a partial frontage fence is present. An outbuilding may remain with the purchase, along with a 40 x 50 concrete pad positioned in front of the temporary building. The property offers room for redevelopment. The adjacent lot to the north may be available at an additional cost, creating a larger combined frontage footprint. It is suited for retail, service, or investment use in a high-traffic commercial corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Knox
    County
    Starke
    State
    Indiana
    Longitude
    -86.620575
    Latitude
    41.33517

    Nearby Similar for Sale

    • $305,000
      4,949 SF

      Commercial Building in Knox, Indiana

      Turnkey commercial opportunity with existing business and expansion potential.
      2240 Us-35, Knox, IN 46534
      View Details
    • $235,000

      30 Acres of Versatile Land

      Versatile land with road frontage, ideal for building or recreation.
      VL E 400 S, Knox, IN 46534
      View Details
    • $195,000

      Versatile Land South of Knox

      20 +/- acres near Knox, Indiana with road frontage.
      V/L E 400 S, Knox, IN 46534
      View Details
    • $495,000

      Knox, Indiana Agricultural Land

      40 acres of tillable land with hunting and recreational opportunities.
      300 N 60 W, Knox, IN 46534
      View Details
    • $395,000

      Versatile Land in Starke County

      50 acres near Knox, IN, suitable for recreation or building.
      Toto Rd 400 S, Knox, IN 46534
      View Details
    • $225,000
      1,650 SF

      Established Pizza Business Opportunity

      Turn-key Pizza King franchise for sale in high-traffic area.
      103 S Heaton Street, Knox, IN 46534
      View Details
    • $195,000

      Knox, Indiana Agricultural Land

      21.61 acre recreational land near Knox, Indiana.
      V/L E 100 N, Knox, IN 46534
      View Details
    • $225,000
      1,650 SF

      Established Pizza Restaurant For Sale

      Turn-key pizza restaurant business opportunity in high-traffic area.
      103 S Heaton Street, Knox, IN 46534
      View Details
    • $209,900

      Recreational Land in Starke County

      26.4 acres of recreational land with road frontage.
      V/L 100N and 600E, Knox, IN 46534
      View Details
    • $325,000

      Prime Land on US HWY

      5.95 acres with highway exposure in Knox, Indiana.
      4152 S State Road 35, Knox, IN 46534
      View Details
    • $599,900

      14.89 Acres on Culver Road

      14.89 acres of land with building sites in Knox, IN.
      14.89 Acres W Culver Road, Knox, IN 46534
      View Details
    • $2,000,000

      33 Acres on Highway 35

      33 acres of land with frontage on Highway 35.
      1675 Us-35, Knox, IN 46534
      View Details

    FAQs

    What type of property is this?
    Commercial land - One-acre commercially zoned lot with high visibility and utilities.
    Where is this commercial land located?
    The property is located at 2260 S Us Highway 35 Knox, IN.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Prime 1‑acre commercially zoned lot on US Highway 35.; Excellent visibility on a heavily traveled major thoroughfare.; Utilities on site for immediate use.
    (219) 613-3405
    We can help!
    Listing Contact
    Eric Pace
    Real Estate License ID: RB14051193
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    2260 S Us Highway 35, Knox, IN 46534

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!