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    1651 E Us Highway 40 Greencastle, IN 46135

    For Sale
    $3,000,000

    Retail - Greencastle, IN

    Type:Retail
    Lot size:
    4.89 Acres
    Days on Market:
    526
    Last Refresh:
    Dec 7 at 2:06 pm

    Property Features for 1651 E Us Highway 40

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    commercial
    APN
    671211102025000017
    Lot size
    4.89 Acres

    Building Details

    Year built
    1987
    Architectural style
    Other

    F.C. Tucker Advantage, Realtors (765) 653-8702 [email protected]

    Listing agent Mary Looper (765) 653-8702 License #RB14027759

    Listing date Jun 30, 2024

    MLS# 21837913 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    High-Traffic Corner Lot in Greencastle

    This commercial property is located on a corner lot in Greencastle, Indiana, featuring high traffic counts. The site is suitable for various business ventures. It comprises two parcels, one measuring 2.95 acres and the other 1.94 acres, totaling 4.89 acres. Improvements include a 60x42 pole barn constructed in 1987, equipped with a poured concrete floor, electric heating, and a large overhead service door. Additionally, there is an older building dating back to 1960. The property benefits from an entrance with a turning lane on US Highway 40 and another entrance off of US 231. The front building remains, potentially offering boundary grandfather provisions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Individual retail properties

    Suggested Use

    Building Supply Wholesale Shop Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Greencastle
    County
    Putnam
    State
    Indiana
    Longitude
    -86.819274169311
    Latitude
    39.584976817819

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      High-Traffic Greencastle Retail Property

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    FAQs

    What type of property is this?
    Individual retail property - 4.89 acres with buildings, high traffic, ideal for business.
    Where is this individual retail property located?
    The property is located at 1651 E Us Highway 40 Greencastle, IN.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - High-traffic corner lot ideal for business.; - Total of 4.89 acres across two parcels.; - Two points of access: US Highway 40 with turning lane and US 231.
    (765) 653-8702
    Request Owner's contact information
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    Greencastle, IN 46135
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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
    1651 E Us Highway 40 Greencastle, IN 46135
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