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    5706 Greenland Unit Memphis, IN 47143

    For Sale
    $673,000

    High-traffic I-65 location, development potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 4.5-acre commercial lot, situated at 5706 Greenland Unit Lot A in Memphis, Indiana, presents a remarkable investment opportunity. Its strategic location directly off Interstate 65 ensures high visibility and accessibility, making it ideal for a variety of commercial ventures. The property's zoning allows for diverse development options, including multifamily housing, a shopping strip center, or a fast-food restaurant. The proximity to downtown Louisville further enhances its appeal, offering easy access to a large consumer base and a thriving regional economy. This prime location promises significant return on investment due to its high traffic count and convenient access to major transportation routes. The expansive acreage provides ample space for substantial development, accommodating large-scale projects. This offering represents a rare chance to acquire a highly desirable commercial property in a rapidly growing area. For those seeking even greater development potential, additional parcels are available under separate listings (numbers 2019011301 and 2019011327). The asking price for this exceptional property is $673,000. Don't miss this opportunity to secure a piece of prime commercial real estate in a thriving location. Contact us today to learn more and schedule a viewing.

    Property Features for 5706 Greenland Unit

    General Information

    Property type
    Other commercial real estate
    Lot Size
    196,020 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Clark
    State
    Indiana
    Longitude
    -85.77788
    Latitude
    38.49425

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic I-65 location, development potential.
    Where is this commercial real estate located?
    The property is located at 5706 Greenland Unit Memphis, IN.
    What is the asking price?
    The asking price for this property is $673,000.
    (502) 552-1296
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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
    5706 Greenland Unit Memphis, IN 47143
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