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    1562 Hwy Borden, IN 47106

    For Sale
    $199,900

    Borden, IN: 9.24 Acres, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 9.24-acre commercial property boasts 522 feet of prime road frontage along Highway 60 in Borden, Indiana, offering unparalleled visibility and accessibility. The land features approximately 6.3 acres of usable space, having been largely removed from the floodplain, with the exception of a narrow strip along a creek. The property's strategic location makes it ideally suited for a variety of commercial ventures. Imagine the possibilities for a convenience store, warehouse, or other commercial development. Currently, two houses situated on the property generate rental income, providing a potential passive income stream for the new owner. The substantial acreage and high-traffic location present a rare opportunity for significant return on investment. This property offers a unique blend of immediate income potential and long-term development prospects. The extensive road frontage ensures high visibility for any business established here, attracting a large customer base. The mostly flood-free land provides a stable foundation for construction and operation. Don't miss this chance to acquire a highly desirable commercial property in a growing area. Serious inquiries only.

    Property Features for 1562 Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    402,494 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Borden
    County
    Clark
    State
    Indiana
    Longitude
    -85.9137
    Latitude
    38.4548

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    FAQs

    What type of property is this?
    Commercial real estate - Borden, IN: 9.24 Acres, High Visibility
    Where is this commercial real estate located?
    The property is located at 1562 Hwy Borden, IN.
    What is the asking price?
    The asking price for this property is $199,900.
    (812) 945-8000
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    1562 Hwy Borden, IN 47106
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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
    1562 Hwy Borden, IN 47106
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