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    Bluelick Rd Unit Lot Memphis, IN 47143

    For Sale
    $700,000

    1.16 Acres, I-65 Access, Build to Suit

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 1.16-acre commercial lot presents a remarkable opportunity for development in a high-traffic area of Memphis, Indiana. Strategically located off a major commercial and residential thoroughfare, this property boasts unparalleled visibility and accessibility. Its prime location offers immediate access to Interstate 65, ensuring convenient access for both employees and customers. The lot is ideally suited for a wide range of commercial ventures, from retail establishments and restaurants to light industrial uses. The seller is open to both outright sale and ground lease options, providing flexibility for potential buyers or lessees. This presents a unique chance to establish a strong presence in a thriving market. The property's size and location make it an attractive investment for businesses seeking high visibility and convenient access to a major transportation artery. Given the high traffic volume of the surrounding area, this lot offers significant potential for substantial return on investment. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial property. The property is ready for immediate development, offering a streamlined path to establishing your business in a prime location. Don't miss this opportunity to secure a valuable piece of commercial real estate in a rapidly growing area. Contact us today to learn more about this exceptional offering.

    Property Features for Bluelick Rd Unit Lot

    General Information

    Property type
    Other commercial real estate
    Lot Size
    50,530 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Memphis
    County
    Clark
    State
    Indiana
    Longitude
    -85.76308
    Latitude
    38.48442

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    FAQs

    What type of property is this?
    Commercial real estate - 1.16 Acres, I-65 Access, Build to Suit
    Where is this commercial real estate located?
    The property is located at Bluelick Rd Unit Lot Memphis, IN.
    What is the asking price?
    The asking price for this property is $700,000.
    (812) 728-8181
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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
    Bluelick Rd Unit Lot Memphis, IN 47143
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