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    Memphis-Bluelick Memphis, IN 47143

    For Sale
    $1,430,000

    I-65 Frontage, Development Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 9.55-acre commercial parcel enjoys a highly desirable location directly off Interstate 65, offering unparalleled accessibility and visibility. Its strategic position provides easy access to the bustling city of Louisville, just minutes away, making it an ideal location for a variety of commercial ventures. The property's expansive size presents a unique opportunity for developers seeking to create a multifamily housing complex, a thriving shopping strip center, or a convenient fast-food restaurant. The high traffic count on I-65 guarantees significant exposure for any business established here. This prime location is poised for substantial growth and offers significant return on investment potential. The asking price is $1,430,000. This listing presents a rare chance to acquire a substantial piece of commercial real estate in a rapidly developing area. The property's versatility allows for a wide range of development possibilities, catering to diverse business needs. For those seeking even greater acreage, additional adjacent parcels are available under separate listings (numbers 2019011327 and 2019011328). This presents a unique opportunity to acquire a larger contiguous land holding for a significant development project. Don't miss this chance to secure a prime location with exceptional growth potential in a thriving market. Contact us today to learn more about this exciting opportunity.

    Property Features for Memphis-Bluelick

    General Information

    Property type
    Other commercial real estate
    Lot Size
    415,998 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Clark
    State
    Indiana
    Longitude
    -85.7744
    Latitude
    38.4662

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    FAQs

    What type of property is this?
    Commercial real estate - I-65 Frontage, Development Opportunity
    Where is this commercial real estate located?
    The property is located at Memphis-Bluelick Memphis, IN.
    What is the asking price?
    The asking price for this property is $1,430,000.
    (502) 552-1296
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    Memphis-Bluelick Memphis, IN 47143
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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
    Memphis-Bluelick Memphis, IN 47143
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