Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in French Lick Title is generated by Realmo AI

    667 - 751 S Indiana Avenue, French Lick, IN 47432

    View on Map
    Claim this Listing
    For Sale
    $440,000

    Residential Land - French Lick, IN

    Lot size:
    2.00 Acres
    Added:
    Apr 30, 2025
    Days on Market:
    393
    Last Refresh:
    May 27 at 10:06 pm

    Property Features for 667 - 751 S Indiana Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    59-12-03-304-101.000-002
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1587.04

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brad Whittaker
    Brad Whittaker

    Listing agent Brad Whittaker License #RB20001888

    Listing office Century 21 Scheetz - Bloomington 1155 S College Mall Rd, Carmel, IN

    Listing date Apr 30, 2025

    MLS# 202515246 Listing URL

    Copyright © 2026 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.

    HighLights

    • Convenient access to downtown French Lick.
    • Large lot size: Over 2 acres, comprised of nine platted lots.
    • Zoned Residential, ideal for development.
    • Utilities available: Duke Energy, Indiana Natural Gas, Spring Valley Water, and Town of French Lick sewer.
    • Access from both Indiana Ave (front) and Lincoln Ave (back).
    • 2022 Survey by Landmark Surveying Co. available.

    Overview

    This property features nine platted city lots totaling just over 2 acres. It is zoned for residential development and offers convenient access to downtown French Lick from both Indiana Avenue and Lincoln Avenue. A 2022 survey by Landmark Surveying Co. is available for review. Utilities available include Duke Energy, Indiana Natural Gas, Spring Valley Water, and Town of French Lick sewer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Accounting Firm Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    French Lick
    County
    Orange
    State
    Indiana
    Longitude
    -86.622258
    Latitude
    38.545747

    Nearby Similar for Sale

    • $249,000
      12,500 SF

      Prime Commercial Building in Downtown

      Visible commercial building in downtown French Lick, Indiana.
      8647 W College Street, French Lick, IN 47432
      View Details
    • $149,000

      French Lick Acreage Homesite

      12+/- acre homesite near French Lick, Indiana.
      0 S County Rd 650 W, French Lick, IN 47432
      View Details
    • $750,000
      4,982 SF

      Turnkey Restaurant/Bar in French Lick

      Fully equipped restaurant/bar with liquor license in tourist area.
      452 S Maple St, French Lick, IN
      View Details
    • $4,600,000

      Comfort Suites in French Lick

      Comfort Suites near French Lick Resort Casino and other attractions.
      9530 W State Rd 56, French Lick, IN 47432
      View Details
    • $65,000

      Wooded Land Near Patoka Lake

      3.99-acre wooded property near Patoka Lake with no restrictions.
      0 Co Rd 675 S, French Lick, IN 47432
      View Details
    • $379,000

      Prime Mixed-Use Commercial Building

      Visible commercial building in French Lick with mixed-use potential.
      8647 W College Street, French Lick, IN 47432
      View Details
    • $100,000

      Prime Commercial Development Site

      Paved commercial land ideal for development in French Lick.
      8643 W College Street, French Lick, IN 47432
      View Details
    • $49,900

      Land in French Lick, IN

      0.39 acre lot in French Lick, Indiana.
      897 S Adams Street, French Lick, IN 47432
      View Details
    • $4,600,000

      Comfort Suites French Lick

      80-room hotel near French Lick Resort Casino.
      9530 W State Road 56 Highway, French Lick, IN 47432
      View Details
    • $74,900

      Rare Lakeside Village Acre Lot

      One-acre lot near boat ramp, close to French Lick.
      County Road 1025 W lot: 1, French Lick, IN 47432
      View Details
    • $29,000

      Residential Land in French Lick

      Residential lot with utilities available in French Lick, Indiana.
      1321 S Indiana Avenue, French Lick, IN 47432
      View Details
    • $75,000

      Commercial Land in French Lick

      Commercial land available in French Lick, Indiana.
      7965 W Hunters Court Alley, French Lick, IN 47432
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land with utilities access near downtown French Lick.
    Where is this residential land & home lot located?
    The property is located at 667 - 751 S Indiana Avenue French Lick, IN.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: Convenient access to downtown French Lick.; Large lot size: Over 2 acres, comprised of nine platted lots.; Zoned Residential, ideal for development.
    (812) 318-8088
    We can help!
    Listing Contact
    Brad Whittaker
    Brad Whittaker
    Real Estate License ID: RB20001888
    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
    667 - 751 S Indiana Avenue, French Lick, IN 47432
    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!