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    631 Kimmell Rd Vincennes, IN 47591

    For Sale
    $900,000

    3.23 Acres, Prime Knox County Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 3.23-acre land parcel, located at 631, 703 & 705 Kimmel Rd, Vincennes, Indiana, presents a compelling investment opportunity. Zoned R-1, this property offers significant potential for multi-family development, capitalizing on the area's burgeoning growth. All utilities are conveniently located at the site, ensuring seamless construction and operational efficiency. The property boasts direct access from Kimmel Road and enjoys easy access to the strategic Highway 41/Hart Street corridor, providing excellent connectivity and visibility. The APN is 421227405012000022. This prime location in Knox County, Indiana, zip code 47591, offers developers a unique chance to create a thriving residential community. The asking price for this expansive land tract is $900,000. Its strategic location and zoning make it an ideal site for a new multi-family development project. The property's size and accessibility make it a highly attractive proposition for investors seeking a promising return on investment in a rapidly developing area. This is a rare opportunity to acquire a substantial land parcel in a desirable location with excellent access to major roadways and utilities.

    Property Features for 631 Kimmell Rd

    General Information

    Property type
    Land
    Lot Size
    140,699 SF

    HighLights

    • $900,000 asking price.
    • 3.23‑acre multi‑family zoned land parcel.
    • R‑1 zoning.
    • Located at 631 Kimmel Rd, Vincennes, IN 47591 (APN: 421227405012000022).
    • Utilities available; direct Kimmel Rd access; convenient Hwy 41/Hart St access.
    • Potential for commercial or multi‑family development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Vincennes
    County
    Knox
    State
    Indiana
    Longitude
    -87.5025794
    Latitude
    38.6615775

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    FAQs

    What type of property is this?
    Land - 3.23 Acres, Prime Knox County Location
    Where is this land located?
    The property is located at 631 Kimmell Rd Vincennes, IN.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: $900,000 asking price.; 3.23-acre multi-family zoned land parcel.; R-1 zoning.
    (812) 455-0001
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    631 Kimmell Rd Vincennes, IN 47591
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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
    631 Kimmell Rd Vincennes, IN 47591
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