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    756 Lakeshore Dr Scottsburg, IN 47170

    For Sale
    $750,000

    Multi-use property, lake views, I-65 access

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment opportunity encompasses three contiguous parcels totaling over 1.5 acres, strategically positioned at 756 Lakeshore Drive in Scottsburg, Indiana. The property boasts multiple road frontages, offering significant visibility and accessibility. A key feature is a six-bay car wash situated on the Gardner Street frontage. The central parcel houses a substantial commercial service building and a former assisted living facility with numerous apartment spaces, presenting a versatile canvas for redevelopment or continued operation. A former residential structure on this parcel also offers potential for conversion into additional apartments. A large parking area is conveniently located at the rear of the assisted living building, overlooking the serene Graham Park Lake. The third parcel, a vacant lot, shares this picturesque lake view, adding to the property's overall appeal. The property's proximity to Interstate 65 (approximately one mile) ensures excellent connectivity and accessibility, making it an attractive proposition for a wide range of commercial ventures. The combined acreage and diverse existing structures provide a unique opportunity for investors seeking a high-impact, multi-faceted commercial property in a desirable location. The asking price for this remarkable property is $750,000.

    Property Features for 756 Lakeshore Dr

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    67,082 SF

    Building Details

    Year Built
    1986
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lake Iola Assisted ... Assisted Living Facility

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Scottsburg
    County
    Scott
    State
    Indiana
    Longitude
    -85.77904
    Latitude
    38.6933

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    FAQs

    What type of property is this?
    Office Property / Space - Multi-use property, lake views, I-65 access
    Where is this office property / space located?
    The property is located at 756 Lakeshore Dr Scottsburg, IN.
    What is the asking price?
    The asking price for this property is $750,000.
    (812) 944-9800
    Request Owner's contact information
    756 Lakeshore Dr Scottsburg, IN 47170
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    Scottsburg, IN 47170
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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
    756 Lakeshore Dr Scottsburg, IN 47170
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