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    7Th St Auburn, IN 46706

    Sponsored
    For Sale
    $1,325,000

    Prime Auburn location, I-69 proximity, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 2.14-acre commercial lot, part of the Seven 15 Development in Auburn, Indiana, presents a unique investment opportunity. Ideally situated off State Road 8 (W. Seventh Street), less than half a mile from Interstate 69, this property boasts unparalleled visibility and accessibility. With an average daily traffic count exceeding 23,000 on SR 8, and an upcoming SR 8 median project poised to further increase traffic flow, this location is primed for success. The site benefits from completed infrastructure, including streets, curbs, depressed curb cuts, on-street parking, water, sewer, and site drainage – eliminating costly upfront development expenses. Zoned Planned Unit Development (PUD), allowing for Commercial, Multi-Family Residential, and Mixed-Use developments, this lot offers flexibility for a wide range of projects. The PUD zoning incorporates reduced setbacks and relaxed parking standards, fostering a pedestrian-friendly environment while maintaining connectivity to existing developments. The seller is finalizing secondary plat approval, ensuring a smooth transition to construction. Connectivity to W. Fifteenth Street and Touring Drive provides additional access points and enhances the property's overall appeal. This is a truly exceptional opportunity to capitalize on a high-traffic location with all the necessary infrastructure already in place. The asking price is $1,325,000.

    Property Features for 0 7Th St

    General Information

    Property type
    Land
    Lot Size
    93,218 SF

    HighLights

    • 2.14‑acre commercial lot in Auburn, Indiana's Seven 15 Development.
    • Less than half a mile from I‑69, providing excellent access and visibility.
    • State Road 8 frontage with over 23,000 average daily traffic, further enhanced by an upcoming median project.
    • Planned Unit Development (PUD) zoning allows for commercial, multi‑family, and mixed‑use development with reduced setbacks and parking requirements.
    • Fully developed infrastructure including streets, curbs, utilities, and drainage, minimizing upfront development costs.
    • Secondary plat approval is pending.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Auburn
    County
    DeKalb
    State
    Indiana
    Longitude
    -85.0696433
    Latitude
    41.3667422

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    FAQs

    What type of property is this?
    Land - Prime Auburn location, I-69 proximity, ready to build.
    Where is this land located?
    The property is located at 7Th St Auburn, IN.
    What is the asking price?
    The asking price for this property is $1,325,000.
    What are key features of this property?
    This property features: 2.14-acre commercial lot in Auburn, Indiana's Seven 15 Development.; Less than half a mile from I-69, providing excellent access and visibility.; State Road 8 frontage with over 23,000 average daily traffic, further enhanced by an upcoming median project.
    Request Owner's contact information
    7Th St Auburn, IN 46706
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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
    7Th St Auburn, IN 46706
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