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    300 Indiana Ave Alexandria, IN 46001

    Sponsored
    For Sale
    $195,000

    15.68 Acres, I-1 Zoning, Rail Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15.68-acre industrial land parcel presents a unique investment opportunity in Alexandria, Indiana. Located at 300 Indiana Ave, 46001, the property is zoned I-1, offering significant flexibility for various industrial uses. A key advantage is its strategic location on a Norfolk Southern Rail spur, providing convenient and cost-effective transportation options. The site currently features distressed structures requiring demolition, presenting a clean slate for development. Buyers should factor demolition costs into their acquisition strategy. The property's substantial acreage allows for ample space for building expansion or the construction of multiple structures. Given its size, zoning, and rail access, this property is well-suited for a range of industrial projects, from warehousing and distribution to manufacturing and light industrial operations. Its location in Madison County, Indiana, offers access to a skilled workforce and established infrastructure. The asking price is $195,000. Detailed site surveys and environmental assessments are recommended prior to purchase. This is a prime opportunity to acquire a large, well-located industrial site with significant development potential. Serious inquiries only.

    Property Features for 300 Indiana Ave

    General Information

    Property type
    Land
    Lot Size
    683,021 SF

    HighLights

    • $195,000 asking price.
    • 15.68‑acre industrial land parcel.
    • I‑1 zoning.
    • Located on Norfolk Southern Rail Spur.
    • Distressed structures require demolition.
    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
    Alexandria
    County
    Madison
    State
    Indiana
    Longitude
    -85.6902486
    Latitude
    40.2611865

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    FAQs

    What type of property is this?
    Land - 15.68 Acres, I-1 Zoning, Rail Access
    Where is this land located?
    The property is located at 300 Indiana Ave Alexandria, IN.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: $195,000 asking price.; 15.68-acre industrial land parcel.; I-1 zoning.
    Request Owner's contact information
    300 Indiana Ave Alexandria, IN 46001
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    Alexandria, IN 46001
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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
    300 Indiana Ave Alexandria, IN 46001
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