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    1490 In-205 Columbia City, IN 46725

    For Sale
    $1,722,000

    19.3 Acres, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 19.3-acre commercial land parcel presents a unique investment opportunity in Columbia City, Indiana. Strategically located at the highly visible corner of US 30 and SR 205, this property boasts excellent visibility and accessibility. The site comprises three parcels, with 5.07 acres zoned GB (General Business) and 14.18 acres zoned A-1 (Agricultural), offering flexibility for a variety of development options. The property enjoys a prime location, bordering Faith Christian Academy and Eagle Glen Golf Club, and sits directly across from Parkview Whitley Hospital, accessible via a signalized intersection. Nearby amenities include the Peabody Public Library, Whitley County Family YMCA, and Morsches Park, enhancing the area's appeal. High traffic counts exceeding 24,000 vehicles per day on US 30 and over 6,000 vehicles per day on SR 205 ensure significant exposure for any development. The property's proximity to Interstate 69 (15.4 miles via US 30/Goshen Road in Fort Wayne) further enhances its regional connectivity. The asking price for this exceptional commercial land is $1,722,000, translating to $89,454 per acre. The APN numbers are 92-06-12-000-102.000-004, 92-06-12-701-002.000-004, and 92-06-12-701-003.000-004. This is an ideal location for businesses seeking high visibility and convenient access to a thriving community.

    Property Features for 1490 In-205

    General Information

    Property type
    Land
    Lot Size
    840,708 SF

    HighLights

    • 19.3‑acre commercial land parcel in Columbia City, IN.
    • 5.07 acres zoned General Business (GB), 14.18 acres zoned Agricultural (A‑1).
    • High‑visibility corner lot at US 30 & SR 205 with signalized intersection.
    • 15.4 miles to I‑69 via US 30/Goshen Road in Fort Wayne.
    • Asking price: $1,722,000 ($89,454/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Columbia City
    County
    Whitley
    State
    Indiana
    Longitude
    -85.4625576
    Latitude
    41.1612316

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    FAQs

    What type of property is this?
    Land - 19.3 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 1490 In-205 Columbia City, IN.
    What is the asking price?
    The asking price for this property is $1,722,000.
    What are key features of this property?
    This property features: 19.3-acre commercial land parcel in Columbia City, IN.; 5.07 acres zoned General Business (GB), 14.18 acres zoned Agricultural (A-1).; High-visibility corner lot at US 30 & SR 205 with signalized intersection.
    (260) 425-2065
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    Columbia City, IN 46725
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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
    1490 In-205 Columbia City, IN 46725
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