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High-Traffic Corner Lot on Highway
For Sale
$2,000,000

1651 E Us Highway 40, Greencastle, IN 46135

4.89 acres with pole barn and highway access.

Property SizeContact for details
Lot Size4.89 Acres
Days on Market1670

Property Features for 1651 E Us Highway 40

General Information

Standard status Active
Lot size 4.89 Acres
Listing Agency: F.C. Tucker Advantage, REALTOR
Listed By: Mary Looper · License #RB14027759
Source: Exprealty
Added: Feb 14, 2022 Changed: Sep 5 Last Checked: Sep 10 at 11:49AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of F.C. Tucker Advantage, REALTOR

Investment Insights

Based on property information with market context.

This 4.89-acre corner lot features high traffic counts and multiple access points. The property consists of two parcels, one of 2.95 acres and the other of 1.94 acres. Improvements include a 60x42 pole barn constructed in 1987, featuring a poured concrete floor, electric heating, and a large overhead service door. Additionally, there is an older building constructed in 1960. The site benefits from an entrance with a turning lane on US Highway 40, as well as an entrance off of US 231. The front building remains, potentially offering boundary grandfather provisions. This location is suitable for various business ventures.

Key Highlights

  • High‑traffic corner lot ideal for business ventures.
  • Total of 4.89 acres across two parcels.
  • Two points of access: US Highway 40 and US 231, including a turning lane.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Building Supply Auto Parts Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

15
Businesses Nearby
2k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Mobil Shops & Services
2,147 visits/mo 0.2 miles

Demographics for 46135, IN

19,869
Population
7,148
Households
2.8
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
167.1 sq mi
ZIP Area
119
Density / Sq Mi
$70,847
Median Household Income
$33,314
Median Earnings
$902
Median Rent
$200,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - 4.89 acres with pole barn and highway access.
Where is this commercial land located?
The property is located at 1651 E Us Highway 40 Greencastle, IN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: High‑traffic corner lot ideal for business ventures.; Total of 4.89 acres across two parcels.; Two points of access: US Highway 40 and US 231, including a turning lane.
More about this property
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