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    Highway 31 Sellersburg, IN 47172

    For Sale
    $475,000

    Highway 31 frontage, development potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 87.7-acre property located on Highway 31 in Sellersburg, Indiana presents a unique investment opportunity. The land boasts significant commercial development potential, particularly the approximately 27 acres with I-65 frontage offering unparalleled visibility. This section is ideal for businesses seeking high traffic exposure. A significant portion of the property is suitable for recreational use, offering versatility and potential for mixed-use development. The land is currently partially farmed, with approximately 27 acres tillable and 21 acres non-tillable. There are also approximately 36 acres of woodland. The property includes roughly half a mile of Highway 31 frontage, providing excellent access and exposure. It's important to note that portions of the property fall within a partial floodway and floodplain, a factor that should be considered in any development plans. This substantial acreage offers a rare blend of commercial viability and recreational possibilities, making it an attractive proposition for developers and investors seeking a large-scale project in a desirable location. The asking price for this unique property is $475,000. Detailed surveys and environmental assessments are recommended for prospective buyers to fully understand the property's characteristics and potential development constraints.

    Property Features for Highway 31

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,820,212 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sellersburg
    County
    Clark
    State
    Indiana
    Longitude
    -85.75273
    Latitude
    38.4154

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    FAQs

    What type of property is this?
    Commercial real estate - Highway 31 frontage, development potential.
    Where is this commercial real estate located?
    The property is located at Highway 31 Sellersburg, IN.
    What is the asking price?
    The asking price for this property is $475,000.
    (812) 728-8181
    Request Owner's contact information
    Highway 31 Sellersburg, IN 47172
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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
    Highway 31 Sellersburg, IN 47172
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