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    23503 Shelby Rd Shelby, IN 46377

    For Sale
    $35,000

    Unimproved Land - Shelby, IN

    Type:Unimproved Land
    Lot size:
    0.52 Acres
    Days on Market:
    80
    Last Refresh:
    Dec 7 at 6:06 am

    Property Features for 23503 Shelby Rd

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    452428379001000007
    Exterior features
    Corner Lot
    Lot size
    0.52 Acres

    Building Details

    Architectural style
    Other

    Keller Williams Preferred Realty (219) 629-5585

    Listing agent Thomas Cummings (708) 798-1111 License #RB14039963

    Listing date Sep 19, 2025

    MLS# 821674 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

    Vacant Land in Shelby, Indiana

    This is a vacant 0.517-acre lot located in Shelby, Indiana. A well is already drilled on the property. The intended use is for residential construction, offering the opportunity to build a custom home. An adjacent lot is also available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Wholesale Shop Clothing Store Gym & Fitness Food Market Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Shelby
    County
    Lake
    State
    Indiana
    Longitude
    -87.34739
    Latitude
    41.190838

    FAQs

    What type of property is this?
    Land - Half-acre lot with well, ready for new construction.
    Where is this land located?
    The property is located at 23503 Shelby Rd Shelby, IN.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: - Vacant 1/2 acre corner lot; - Well already drilled; - Opportunity to build a dream house
    (708) 798-1111
    Request Owner's contact information
    23503 Shelby Rd 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
    23503 Shelby Rd Shelby, IN 46377
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