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    Memphis-Bluelick Rd Memphis, IN 47143

    For Sale
    $690,000

    I-65 Frontage, Development Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 4.6-acre commercial parcel boasts a highly desirable location directly off Interstate 65, offering unparalleled accessibility and visibility. Its strategic position provides easy access to downtown Louisville, making it an attractive site for a variety of commercial ventures. The property's zoning allows for diverse development options, including multifamily housing, a shopping center, or a fast-food restaurant. The significant acreage presents ample space for substantial construction and ample parking. This location is poised for significant growth and offers investors a rare opportunity to capitalize on its prime position within a thriving market. The property's proximity to a major interstate ensures high traffic volume and excellent exposure for any business. This presents a unique chance to establish a thriving commercial enterprise in a high-demand area. Further expansion opportunities exist with the availability of additional adjacent parcels (Listing # 2019011301, 20119011328), allowing for significant scalability and potential for future development. The asking price of $690,000 reflects the exceptional value and potential of this prime commercial land. Serious inquiries are encouraged to explore this remarkable investment opportunity. Contact us today to schedule a showing and discuss the possibilities.

    Property Features for Memphis-Bluelick Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    200,376 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 Rd Memphis, IN.
    What is the asking price?
    The asking price for this property is $690,000.
    (502) 552-1296
    Request Owner's contact information
    Memphis-Bluelick Rd 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 Rd Memphis, IN 47143
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