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    827 Chestnut St Corydon, IN 47112

    For Sale
    $265,000

    2.85 Acres, High Visibility, B-2 Zoning

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 2.85-acre commercial property, located at 827 E Chestnut Street in Corydon, Indiana, presents a unique investment opportunity. Zoned B-2, this expansive lot offers significant road frontage and high visibility, boasting an excellent location overlooking a creek. The property's strategic position adjacent to Rice Island Park and the Corydon Loft Apartments ensures high traffic and exposure. A short walk from the property leads to a sidewalk providing convenient access to Corydon's downtown area. While the street level falls within the floodplain, the overall acreage provides ample space for development. The surveyed land encompasses Tracts 3 & 4, offering flexibility for various commercial ventures. Its proximity to the Lanesville Intersection, approximately five miles away, further enhances its accessibility and connectivity. This property is ideal for businesses seeking a prominent location with substantial land area for development or expansion. The combination of high visibility, convenient location, and ample space makes this a truly remarkable commercial real estate offering. Serious inquiries are encouraged to explore the potential of this exceptional property. The listed price is $265,000.

    Property Features for 827 Chestnut St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    124,146 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cowboy Auctions Auction House

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Corydon
    County
    Harrison
    State
    Indiana
    Longitude
    -86.11555
    Latitude
    38.20904

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    FAQs

    What type of property is this?
    Commercial real estate - 2.85 Acres, High Visibility, B-2 Zoning
    Where is this commercial real estate located?
    The property is located at 827 Chestnut St Corydon, IN.
    What is the asking price?
    The asking price for this property is $265,000.
    (812) 200-2838
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    827 Chestnut St Corydon, IN 47112
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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
    827 Chestnut St Corydon, IN 47112
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