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    46 W Hwy Spencer, IN 47460

    For Sale
    $550,000

    Commercial Land - Spencer, IN

    Lot size:
    2.86 Acres
    Days on Market:
    133
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 46 W Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    60-10-20-300-400.163-028
    Exterior features
    Underground Service, None
    Lot size
    2.86 Acres

    Building Details

    Architectural style
    Other

    Century 21 Scheetz (317) 844-5111

    Listing agent Chris Clark (812) 336-2100 License #RB14050458

    Listing date Jul 27, 2025

    MLS# 202527546 Listing URL

    Copyright © 2025 Indiana Uplands Realtor® Association. 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 Land in Spencer, Indiana

    This commercial land, zoned for commercial use, is located in Spencer, Indiana. The property encompasses 2.861 acres. It is situated on W 46 Highway in Owen County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Spencer
    County
    Owen
    State
    Indiana
    Longitude
    -86.774362335968
    Latitude
    39.287249117948

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    FAQs

    What type of property is this?
    Commercial land - 2.861-acre commercial land available in Spencer, Indiana.
    Where is this commercial land located?
    The property is located at 46 W Hwy Spencer, IN.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Underground service available.; - Location available (Latitude: 39.28725, Longitude: -86.77436).
    (812) 336-2100
    Request Owner's contact information
    46 W Hwy Spencer, IN 47460
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    Spencer, IN 47460
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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
    46 W Hwy Spencer, IN 47460
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