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    2490 Rainbow Dr Warsaw, IN 46582

    Sponsored
    For Sale
    $168,900

    2.22 Acres, 96,703 SF Potential

    Property size:
    96,703 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    329
    This exceptional 2.22-acre commercial land parcel in Warsaw, Indiana, presents a unique investment opportunity. Boasting a substantial 96,703 square feet of space, the property is ideally suited for a variety of commercial ventures. Currently envisioned as a luxury condo development, the site offers pre-construction discounts for early buyers. The flexible zoning allows for customization, making it suitable for various uses. Imagine the possibilities: construct a building with multiple units, each equipped for bathroom installations, or create spacious loft areas. The property's design includes a 16-foot-wide door, perfect for RV storage or large equipment access. Located at 2490 N Rainbow Drive, Warsaw, IN 46582, this property offers significant potential for developers and investors seeking a prime location in Kosciusko County. Water and sewer capabilities are already in place, simplifying the development process and reducing upfront costs. The $5,000 pre-construction discount provides a compelling incentive for early commitment. Don't miss this chance to acquire a substantial commercial land parcel with significant upside potential in a thriving Indiana community. This is a rare opportunity to shape the future of a prime commercial location. Act quickly to secure this exceptional investment.

    Property Features for 2490 Rainbow Dr

    General Information

    Property type
    Land
    Square Feet
    96,703 SF
    Lot Size
    96,703 SF

    HighLights

    • Asking price: $168,900
    • Property type: 2.22‑acre commercial land parcel, 96,703 square feet
    • Located at 2490 N Rainbow Drive, Warsaw, IN 46582
    • Special purpose property, suitable for various uses including RV storage, loft construction, or garage space. Potential for bathroom installation.
    • Pre‑construction discount of $5,000 available for units purchased before completion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Warsaw
    County
    Kosciusko
    State
    Indiana
    Longitude
    -85.8482549
    Latitude
    41.2699865

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    FAQs

    What type of property is this?
    Land - 2.22 Acres, 96,703 SF Potential
    Where is this land located?
    The property is located at 2490 Rainbow Dr Warsaw, IN.
    What is the asking price?
    The asking price for this property is $168,900.
    What are key features of this property?
    This property features: Asking price: $168,900; Property type: 2.22-acre commercial land parcel, 96,703 square feet; Located at 2490 N Rainbow Drive, Warsaw, IN 46582
    Request Owner's contact information
    2490 Rainbow Dr Warsaw, IN 46582
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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
    2490 Rainbow Dr Warsaw, IN 46582
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