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    1246 In-32 Union City, IN 47390

    For Sale
    $750,000

    10.95 Acres, Income-Producing Home

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 10.95-acre property in Union City, Indiana, presents a compelling investment and development opportunity. Located at 1246 S State Road 32, Randolph County, IN 47390 (APN: 68-09-28-100-044.078-021), this commercially and industrially zoned land offers significant potential. The property includes approximately eight acres of developable land, ideal for a variety of commercial or industrial projects, providing flexibility for future expansion or development. Adding to its appeal is an existing income-producing rental home, generating immediate cash flow. This turnkey investment allows for both short-term revenue and long-term growth potential. The property's strategic location in Union City, Indiana, provides convenient access to transportation routes and essential amenities. This is a rare opportunity to acquire a substantial land parcel with an existing income stream, making it an attractive investment for both seasoned developers and astute investors seeking a diversified portfolio. The asking price for this unique property is $750,000. Don't miss this chance to secure a prime piece of real estate in a thriving area.

    Property Features for 1246 In-32

    General Information

    Property type
    Land
    Lot Size
    476,982 SF

    HighLights

    • 8+/- acre development site with income‑producing rental property.
    • Excellent investment and development potential.
    • High‑return opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Union City
    County
    Randolph
    State
    Indiana
    Longitude
    -84.8288196
    Latitude
    40.187536

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 10.95 Acres, Income-Producing Home
    Where is this land located?
    The property is located at 1246 In-32 Union City, IN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 8+/- acre development site with income-producing rental property.; Excellent investment and development potential.; High-return opportunity.
    Request Owner's contact information
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    Union City, IN 47390
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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
    1246 In-32 Union City, IN 47390
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