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    1011 Main St Cloverdale, IN 46120

    For Sale
    $150,000

    1.24-acre commercial lot, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 1.24-acre commercial land parcel, designated Lot 2 of four available lots, presents a prime investment opportunity in Cloverdale, Indiana. Located south of Dwight D. Eisenhower Highway and boasting high visibility off North Main Street, this property offers excellent access to I-70 and US 231. The HS zoning permits a variety of commercial uses. Utilities are available on-site. The strategic location places the property near several high-traffic hotels and restaurants, ensuring significant exposure to potential customers. This parcel is situated behind the listed address of 1011 N Main St, Cloverdale, IN 46120. Three additional nearby parcels are also available for purchase, allowing for the possibility of acquiring a larger land assemblage. Individual lot sales or a package deal are both options. This property's combination of size, location, and accessibility makes it an ideal site for various commercial ventures. The asking price for this exceptional opportunity is $150,000.

    Property Features for 1011 Main St

    General Information

    Property type
    Land
    Lot Size
    54,014 SF

    HighLights

    • $150,000 asking price.
    • 1.24‑acre commercial land parcel.
    • HS zoning.
    • Located south of I‑70 and US 231 interchange, offering high visibility from N Main St.
    • Utilities available on‑site.
    • Excellent I‑70 access, near hotels and restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Pharmacy Auto Parts Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cloverdale
    County
    Putnam
    State
    Indiana
    Longitude
    -86.80195443135
    Latitude
    39.528533963823

    Nearby Comparable

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    • $3,000,000
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    Nearby Similar for Sale

    • $259,000

      New Home on Spacious Lot

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    FAQs

    What type of property is this?
    Land - 1.24-acre commercial lot, high visibility.
    Where is this land located?
    The property is located at 1011 Main St Cloverdale, IN.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: $150,000 asking price.; 1.24-acre commercial land parcel.; HS zoning.
    (317) 578-9400
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    1011 Main St Cloverdale, IN 46120
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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
    1011 Main St Cloverdale, IN 46120
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