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    1050 N Old Route 31 Macy, IN 46951

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    For Sale
    $249,000

    Land suitable for regional office, warehouse, or general business.

    Lot size:
    5.89 Acres

    Property Features for 1050 N Old Route 31

    General Information

    Lot size
    5.89 Acres

    Source: NAI Cressy Commercial Real Estate - Corporate Agent Roy Roelke

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

    Overview

    Land on U.S. 31

    This property is located on U.S. 31, offering a location suitable for developing a regional office, warehouse, or general business building. The area is becoming attractive for businesses aiming to serve the new industrial plants being constructed in Kokomo and the Greater South Bend area. The location directly on U.S. 31 facilitates efficient transportation of manufactured goods and products north and south, with the Hoosier Heartland Corridor nearby for east-west transit.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Department Store Discount Store Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Macy
    County
    Miami
    State
    Indiana
    Longitude
    -86.148714
    Latitude
    40.896603

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Land suitable for regional office, warehouse, or general business.
    Where is this land located?
    The property is located at 1050 N Old Route 31 Macy, IN.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - Prime location on U.S. 31 for efficient transportation of goods north and south.; - Low development costs for building a regional office, warehouse, or general business.; - Growing attractiveness for businesses servicing new industrial plants in Kokomo and South Bend.
    (574) 485-1537
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    1050 N Old Route 31 Macy, IN 46951
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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
    1050 N Old Route 31 Macy, IN 46951
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