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    Saraina Rd Shelbyville, IN 46176

    For Sale
    $399,000

    4-Acre Multifamily Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 4-acre commercial land parcel presents a remarkable opportunity for developers seeking a prime location in Shelbyville, Indiana. Situated at 0 Saraina Rd, this property boasts a highly desirable Multifamily zoning designation, making it ideal for a variety of high-density residential projects or general commercial ventures. The site is conveniently located within walking distance of Kroger and other essential amenities, ensuring easy access for future residents or businesses. Utilities are already in place, streamlining the development process and minimizing upfront costs. The ±4 acres of land provide ample space for a substantial project, capitalizing on Shelbyville's rapid growth and strong market demand. This strategic location, combined with the existing infrastructure and zoning, positions this property as an exceptional investment with significant potential for substantial returns. The asking price is $399,000. Don't miss this chance to acquire a key piece of Shelbyville's burgeoning commercial landscape. The property's address is 0 Saraina Rd, Shelbyville, IN 46176.

    Property Features for 0 Saraina Rd

    General Information

    Property type
    Land
    Lot Size
    174,240 SF

    HighLights

    • ±4 acres of prime Shelbyville development land.
    • Walking distance to Kroger and other amenities.
    • Utilities on‑site.
    • Rapidly growing Shelbyville location.
    • Ideal for multifamily residential or general commercial development.
    • Multifamily zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Shelbyville
    County
    Shelby
    State
    Indiana
    Longitude
    -85.7540769
    Latitude
    39.5144915

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    FAQs

    What type of property is this?
    Land - 4-Acre Multifamily Development Site
    Where is this land located?
    The property is located at Saraina Rd Shelbyville, IN.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: ±4 acres of prime Shelbyville development land.; Walking distance to Kroger and other amenities.; Utilities on-site.
    (317) 663-6538
    Request Owner's contact information
    Saraina Rd Shelbyville, IN 46176
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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
    Saraina Rd Shelbyville, IN 46176
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