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    Bluelick Rd Unit Lot Memphis, IN 47143

    For Sale
    $610,000

    Prime 1.22-acre lot, ideal for ground lease or sale.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 1.22-acre commercial lot presents a unique investment opportunity in Memphis, Indiana. Strategically located off a busy commercial and residential thoroughfare, this property boasts unparalleled visibility and accessibility. Its prime position offers immediate access to Interstate 65, a major transportation artery ensuring high traffic volume and excellent exposure for any business. The lot is currently available for sale or as a ground lease, providing flexibility for potential buyers or lessees. This versatile parcel is perfectly suited for a wide range of commercial developments, from retail establishments and restaurants to office spaces and light industrial uses. The high traffic count of the surrounding area guarantees a large potential customer base, making this an attractive proposition for businesses seeking a prominent location with strong growth potential. The property's central location within Memphis offers easy access to local amenities and a thriving community. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land opportunity. The seller is open to discussing both outright purchase and ground lease options, making this a highly adaptable investment. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly developing area.

    Property Features for Bluelick Rd Unit Lot

    General Information

    Property type
    Other commercial real estate
    Lot Size
    53,143 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Clark
    State
    Indiana
    Longitude
    -85.76308
    Latitude
    38.48442

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 1.22-acre lot, ideal for ground lease or sale.
    Where is this commercial real estate located?
    The property is located at Bluelick Rd Unit Lot Memphis, IN.
    What is the asking price?
    The asking price for this property is $610,000.
    (812) 728-8181
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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
    Bluelick Rd Unit Lot Memphis, IN 47143
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