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    Auburn IN 7Th St Auburn, IN 46706

    For Sale
    $650,000

    1.06-acre commercial lot, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 1.06-acre commercial lot, part of the Seven 15 Development in Auburn, Indiana, is ideally situated less than half a mile from Interstate 69, offering exceptional visibility and accessibility. Located on West Seventh Street (SR 8), it benefits from over 23,000 average daily traffic counts, further enhanced by an upcoming SR 8 median project. The property is zoned Planned Unit Development (PUD), permitting commercial, multi-family, office, and mixed-use developments. Infrastructure is complete, including streets, curbs, depressed curb cuts, on-street parking, water, sewer, and site drainage. Reduced setbacks and relaxed parking standards create a pedestrian-friendly environment. Connectivity to West Fifteenth Street and Touring Drive provides additional access. The asking price is $650,000. Secondary plat approval is pending, finalizing the 1.06-acre lot. This turnkey opportunity presents a unique chance to capitalize on a high-traffic location with complete infrastructure and flexible zoning.

    Property Features for Auburn IN 7Th St

    General Information

    Property type
    Land
    Lot Size
    46,174 SF

    HighLights

    • Less than half‑mile to I‑69.
    • Excellent State Road 8 frontage with high visibility; ideal for a future traffic signal.
    • SR 8 boasts 23,120 AADT.
    • Upcoming SR8 median project will increase traffic.
    • Planned Development zoning allows for pedestrian‑friendly commercial and multi‑family uses with relaxed setbacks and parking requirements.
    • Complete infrastructure including streets, curbs, utilities, and drainage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Auburn
    County
    DeKalb
    State
    Indiana
    Longitude
    -85.074688098829
    Latitude
    41.366697814051

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    FAQs

    What type of property is this?
    Land - 1.06-acre commercial lot, ready to build.
    Where is this land located?
    The property is located at Auburn IN 7Th St Auburn, IN.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Less than half-mile to I-69.; Excellent State Road 8 frontage with high visibility; ideal for a future traffic signal.; SR 8 boasts 23,120 AADT.
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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
    Auburn IN 7Th St Auburn, IN 46706
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