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    State Road 66 Leavenworth, IN 47137

    For Sale
    $525,000

    Prime I-64 Commercial Development Site

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 18.15-acre commercial property in Leavenworth, Indiana, presents a unique investment opportunity. Located on State Road 66, it boasts an impressive 1076 feet of road frontage and enjoys unparalleled visibility and accessibility due to its proximity—within a half-mile—of the I-64 interchange. The expansive acreage is ideally suited for a diverse range of commercial developments, including restaurants, retail establishments, office buildings, hotels, or a strip center. The property's strategic location offers significant potential for high traffic volume and strong returns. This is a rare chance to acquire a substantial parcel of land in a high-growth area. However, prospective buyers should note that the seller reserves the right to refuse any offer if the intended use of the land is not disclosed, is not aligned with the seller's mission, vision, and core values, or is not approved by the seller's board of directors. Serious inquiries only, with a detailed development plan are encouraged. The asking price for this remarkable property is $525,000.

    Property Features for State Road 66

    General Information

    Property type
    Other commercial real estate
    Lot Size
    790,614 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Leavenworth
    County
    Crawford
    State
    Indiana
    Longitude
    -86.35772
    Latitude
    38.24704

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    FAQs

    What type of property is this?
    Commercial real estate - Prime I-64 Commercial Development Site
    Where is this commercial real estate located?
    The property is located at State Road 66 Leavenworth, IN.
    What is the asking price?
    The asking price for this property is $525,000.
    (812) 948-2888
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    State Road 66 Leavenworth, IN 47137
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    Leavenworth, IN 47137
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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
    State Road 66 Leavenworth, IN 47137
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