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    3583 State 46 Hwy Spencer, IN 47460

    For Sale
    $250,000

    Prime Spencer location, high visibility, 4.12 acres.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This 4.12-acre commercial property at 3583 E State 46 Highway in Spencer, Indiana, presents a unique redevelopment opportunity. Boasting approximately 375 feet of road frontage on a heavily trafficked route between Spencer and Bloomington, this site offers exceptional visibility and accessibility. The existing building on the property requires substantial repairs or demolition, providing a blank canvas for a new commercial venture. The high volume of traffic passing this location makes it ideal for a variety of businesses seeking maximum exposure. This is a rare chance to acquire a significant parcel of land in a growing area with strong potential for future development. The property's size and location make it suitable for a range of commercial uses, from retail and restaurants to light industrial or office space. Investors and developers will appreciate the potential for significant return on investment given the property's prime location and high traffic count. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is being offered at $250,000.

    Property Features for 3583 State 46 Hwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    179,467 SF

    Building Details

    Year Built
    1973
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Spencer
    County
    Owen
    State
    Indiana
    Longitude
    -86.70199
    Latitude
    39.2823

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Spencer location, high visibility, 4.12 acres.
    Where is this commercial real estate located?
    The property is located at 3583 State 46 Hwy Spencer, IN.
    What is the asking price?
    The asking price for this property is $250,000.
    (812) 714-8250
    Request Owner's contact information
    3583 State 46 Hwy Spencer, IN 47460
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    Spencer, IN 47460
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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
    3583 State 46 Hwy Spencer, IN 47460
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