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    7477 W Raymond Run Ellettsville, IN 47429

    For Sale
    $1,500,000

    Residential Land - Ellettsville, IN

    Lot size:
    4.82 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 7477 W Raymond Run

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    General Commercial
    APN
    53-04-04-400-027.001-013
    Lot size
    4.82 Acres

    Building Details

    Architectural style
    Other

    Millican Realty (812) 333-0550 [email protected]

    Listing agent Andy Lynch (812) 333-0550 License #RB14009961

    Listing date Nov 16, 2025

    MLS# 202535828 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

    Ellettsville Land with Approved Plans

    This shovel-ready commercial land, totaling approximately 4.818 acres, is located in Ellettsville, Indiana. The property includes two parcels: 7477 & 7485 W Raymond Run. Approved plans from the Town of Ellettsville for an apartment complex consisting of 72 units and 150 total bedrooms are included in the sale. The unit mix comprises 6 one-bedroom units, 54 two-bedroom units, and 12 three-bedroom units. All permits and plans for the apartment complex will be transferred to the buyer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Clothing Store Auto Repair Shop Hotel & Motel Auto Parts Store Bar & Pub Grocery Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Ellettsville
    County
    Monroe
    State
    Indiana
    Longitude
    -86.635761
    Latitude
    39.245023

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    FAQs

    What type of property is this?
    Commercial land - 4.818 acres with approved apartment complex plans for sale.
    Where is this commercial land located?
    The property is located at 7477 W Raymond Run Ellettsville, IN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Shovel-ready commercial land totaling approximately 4.818 acres.; - Approved apartment complex plans for **72 units (150 bedrooms)** included.; - Includes a diverse unit mix: 6 one-bedroom, 54 two-bedroom, and 12 three-bedroom units.
    (812) 333-0550
    Request Owner's contact information
    7477 W Raymond Run Ellettsville, IN 47429
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    Ellettsville, IN 47429
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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
    7477 W Raymond Run Ellettsville, IN 47429
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