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    11323 Highway 60 Sellersburg, IN 47172

    For Sale
    $1,700,000

    Prime M-1 zoned location, large building, excellent development potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 14.5-acre commercial property in Sellersburg, Indiana, presents a unique investment opportunity. Located at 11323 Highway 60, this M-1 zoned site boasts a substantial 16,000 square foot building currently occupied by a trucking company. The property offers significant development potential due to its size and strategic location, just four miles from I-65. A large pond enhances the property's appeal. The building itself comprises approximately 13,000 square feet of warehouse space and 3,074 square feet of office space. The warehouse features impressive ceiling heights ranging from 14.5 to 20 feet, three 3-ton cranes, and five large overhead doors (14.5 ft H x 13.5 ft W). The maintenance/shop area is equipped with 3-phase electric. The office area includes six individual offices, two conference rooms, a receptionist area, a waiting foyer, a break room, and two full bathrooms, plus a half bath. The property also benefits from ample parking and convenient access to railroad tracks. The building includes two furnaces and two air conditioning units, one of which is newer. Constructed in 1964, the property is offered at $1,700,000. The current owner is interested in a leaseback arrangement.

    Property Features for 11323 Highway 60

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    631,620 SF

    Building Details

    Year Built
    1964
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Building Supply Auto Repair Shop Kitchen & Bath Storage Facility Convenience Store Travel Agency Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Sellersburg
    County
    Clark
    State
    Indiana
    Longitude
    -85.80255
    Latitude
    38.41607

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    FAQs

    What type of property is this?
    Office Property / Space - Prime M-1 zoned location, large building, excellent development potential.
    Where is this office property / space located?
    The property is located at 11323 Highway 60 Sellersburg, IN.
    What is the asking price?
    The asking price for this property is $1,700,000.
    (812) 903-0340
    Request Owner's contact information
    11323 Highway 60 Sellersburg, IN 47172
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    Sellersburg, IN 47172
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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
    11323 Highway 60 Sellersburg, IN 47172
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