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    Crandall Lanesville Rd Lanesville, IN 47136

    For Sale
    $1,100,000

    Prime residential development land near I-64.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 1100000 USD property presents a unique opportunity for residential development. Strategically located just half a mile from the I-64 interchange in Lanesville, Indiana, this land offers unparalleled accessibility and high visibility. The property's proximity to the interstate ensures convenient commutes for future residents, while the location itself provides a strong foundation for a thriving community. The lot size, while not specified in square footage, is ideal for a variety of residential projects, from single-family homes to multi-family dwellings. Given its prime location and the potential for significant development, this property represents a compelling investment opportunity for those seeking to capitalize on the growing residential market in the Lanesville area. The absence of specified square footage allows for flexible development plans, catering to diverse project scopes and architectural designs. This location offers a blend of convenience and tranquility, making it an attractive proposition for developers and future homeowners alike. Serious inquiries are encouraged to explore the full potential of this exceptional development opportunity. The asking price is 1,100,000 USD.

    Property Features for Crandall Lanesville Rd

    General Information

    Property type
    Other commercial real estate
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lanesville
    County
    Harrison
    State
    Indiana
    Longitude
    -85.9917
    Latitude
    38.23506

    Nearby Comparable

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    Nearby Similar for Sale

    • $2,225,000
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      Lanesville Commercial Land - I-64 Frontage

      Prime I-64 location, 95 acres, development potential.
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    FAQs

    What type of property is this?
    Commercial real estate - Prime residential development land near I-64.
    Where is this commercial real estate located?
    The property is located at Crandall Lanesville Rd Lanesville, IN.
    What is the asking price?
    The asking price for this property is $1,100,000.
    (812) 728-8181
    Request Owner's contact information
    Crandall Lanesville Rd Lanesville, IN 47136
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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
    Crandall Lanesville Rd Lanesville, IN 47136
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