Town Center Retail
New
For Sale
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7701 Hwy 311, Sellersburg, IN 47172
Commercial, Sellersburg, IN
Property Size15,000 SF
Price / SF$0.00
Days on Market4
Property Features for 7701 Hwy 311
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Directions
I-65 to Charlestown Rd Exit (Sellersburg Hwy 311) go to 7701 and bldg is on the right. Or take I-265 to Charlestown Rd / Hwy 311 head north (away from river) to 7701 (After crossing Hwy 60).
Standard status
Active
APN
101710800421000031
Size
15,000 SF
Taxes and HOA fees
Tax Year
4051
Tax Description
HAMBURG GT 108 PT LOT 34 LOTS 11-12 LOTS 7-9-33
Tax Annual Amount
1104
Legal Description
HAMBURG GT 108 PT LOT 34 LOTS 11-12 LOTS 7-9-33
Building Details
Year built
2026
Number of units
4
Listing Agency:
RE/MAX FIRST-Commercial Group · RE/MAX International
Listed By:
Mike Kopp
(812) 283-4778
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 24 at 7:06AM
MLS# 2026012705
Copyright © 2026 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 15,000-square-foot shopping center is under construction at 7701 Hwy 311 in Sellersburg. The property carries the TC Town Center zoning designation, and its listed year built is 2026.
The site is near Camp Run and American Way, with grocery, restaurant, retail, professional office, and service businesses identified in the surrounding area. Fireside Restaurant is noted nearby.
The site is near Camp Run and American Way, with grocery, restaurant, retail, professional office, and service businesses identified in the surrounding area. Fireside Restaurant is noted nearby.
Key Highlights
- 15,000‑square‑foot shopping center
- Under construction; listed year built is 2026
- TC Town Center zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$181,062
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,621,240
$3.6M
Cap Rate 7%
$2,586,600
$2.6M
Cap Rate 9%
$2,011,800
$2.0M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$270.0K $18.00/SF
− Vacancy
−$11.3K −$0.76/SF
EGI
$258.7K $17.24/SF
− OpEx
−$77.6K −$5.17/SF
NOI
$181.1K $12.07/SF
Area
Clark County, IN
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,621,240
Cap Rate 7%
$2,586,600
Cap Rate 9%
$2,011,800
Alternative Uses
Best Use
Retail
$2.59M
$2.26M – $3.02M
NOI $181,062 @ 7.0% cap · market cap 1,005,900.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.36M
$3.82M – $5.09M
NOI $305,280 @ 7.0% cap · market cap 1,696,000.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47172, IN
19,821
Population
8,537
Households
2.3
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
24.3 sq mi
ZIP Area
816
Density / Sq Mi
$80,525
Median Household Income
$48,560
Median Earnings
$1,152
Median Rent
$249,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Kroger - Jay C Food Store 7605, County Rd 311, Sellersburg, IN 47172
Frequently Asked Questions
What type of property is this?
Shopping center - The center is planned under Sellersburg’s TC Town Center zoning designation.
Where is this shopping center located?
The property is located at 7701 Hwy 311 Sellersburg, IN.
What are key features of this property?
This property features: 15,000‑square‑foot shopping center; Under construction; listed year built is 2026; TC Town Center zoning designation
