Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4213 Minnich Rd New Haven, IN 46774

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,100,000

    Two-acre commercial land near planned sports complex and retail.

    We can help!

    Listing Contact
    Conner Call
    Source: Bradleyco

    Listing Agent: Conner Call

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Land Near Sports Complex

    This 2-acre property presents an excellent development opportunity in the New Haven community. The location is adjacent to the newly planned Fields Of Grace Card & Associates sports complex, which is expected to increase foot traffic and visibility to the area. It is also adjacent to newly planned commercial and single/multifamily development across Minnich Road. The property benefits from proximity to a well-established retail sector. Situated on the I-469/Minnich Road interchange at the Seiler Road intersection, it offers connectivity and accessibility. The property is moments south of the Lutheran Health Plaza retail sector. It offers easy access to be rezoned in city limits.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Building Supply Auto Repair Shop Clothing Store Auto Parts Store Kitchen & Bath Food Market Women's Store Home Appliance Store Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    Allen
    State
    Indiana
    Longitude
    -85.0008389
    Latitude
    41.0486102

    Nearby Similar for Sale

    • $118,500
      Pending

      Convertible Duplex in New Haven

      Investment opportunity: convertible duplex near shopping, restaurants, and grocery stores.
      1135 Summit St, New Haven, IN 46774
      View Details
    • New
      $179,900
      1,958 SF

      New Haven Duplex with Updates

      Well-maintained duplex with rental potential near downtown New Haven.
      1018 Bell Ave, New Haven, IN 46774
      View Details
    • $250,000
      1,458 SF

      Move-in Ready Villa with Updates

      Well-maintained villa featuring modern amenities and a fenced backyard.
      10365 Chesterhills Ct, New Haven, IN 46774
      View Details
    • Contact for pricing
      79,422 SF

      Neighborhood Shopping Center Outlots Available

      Neighborhood shopping center with outlots, ideal for retailers.
      1302 Minnich Rd, New Haven, IN 46774
      View Details
    • $549,000
      7,745 SF

      Versatile Industrial/Showroom Property For Sale

      7,745 SF industrial/showroom in New Haven, C-3 zoning.
      217 State Road 930 W, New Haven, IN 46774
      View Details
    • $335,000
      7,000 SF

      Broadway Street Investment Opportunity

      Unique investment opportunity in New Haven, Indiana.
      432 Broadway St, New Haven, IN 46774
      View Details
    • Contact for pricing
      291,328 SF

      Industrial Property with Truck Scale

      Industrial property featuring truck scale, potential rail access, and proximity tohighways.
      15012 Edgerton Rd, New Haven, IN 46774
      View Details
    • Contact for pricing

      New Haven Industrial Facility

      15,250 SF industrial facility with office space and secured yard.
      207 Main St, New Haven, IN 46774
      View Details
    • $650,000

      Former Bank Branch For Sale

      High-traffic location with drive-thru, suitable for various uses.
      411 Lincoln Hwy W, New Haven, IN 46774
      View Details
    • Contact for pricing
      1,000 SF

      Twins Industrial Park: New Haven, IN

      Modern Flex/Warehouse Space, Build-to-Suit
      2082 Summit St, New Haven, IN 46774
      View Details
    • $1,100,000
      10,440 SF

      New Haven Industrial Property

      10,440 SF Flex/Warehouse, 3 Units
      620 Lincoln Hwy, New Haven, IN 46774
      View Details
    • $650,000
      4,142 SF

      Prime New Haven Retail Space

      Bank Building, 4,142 SF, High Traffic
      411 Lincoln Hwy, New Haven, IN 46774
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two-acre commercial land near planned sports complex and retail.
    Where is this commercial land located?
    The property is located at 4213 Minnich Rd New Haven, IN.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Excellent development opportunity on this 2-acre property.; - Adjacent to the newly planned Fields Of Grace Card & Associates sports complex, promising increased foot traffic and visibility.; - Located on the I-469/Minnich Road interchange, providing excellent connectivity and accessibility.
    (260) 241-6892
    Request Owner's contact information
    4213 Minnich Rd New Haven, IN 46774
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4213 Minnich Rd
    New Haven, IN 46774
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    4213 Minnich Rd New Haven, IN 46774
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Conner Call
    (260) 241-6892
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.