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    Michigan Rd Waldron, IN 46176

    For Sale
    Contact for pricing

    High-traffic flex space, ideal for retail or industrial use.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional outparcel in Shelbyville, Indiana, presents a prime opportunity for retail or industrial development. Situated on approximately 0.4 to 0.5 acres of buildable land, this property boasts exceptional visibility and accessibility. The location offers significant advantages, with high annual average daily traffic (AADT) counts on nearby major roadways: 4362 vehicles on E Michigan Rd., 20518 on E State Rd. 44, and 35508 on I-74. This ensures strong exposure to a substantial customer base. The property's strategic location also benefits from proximity to a significant population center. Within a one-mile radius, there are 2563 residents, expanding to 19,407 within three miles and 24,289 within five miles. Furthermore, the property enjoys convenient access to I-74, just one mile away, and is located only 34 miles from Indianapolis, providing easy access to a larger metropolitan area. This combination of high traffic counts, substantial population density, and convenient location makes this outparcel an attractive investment for businesses seeking a strong presence in a growing market. The property is zoned for flex use, allowing for a variety of development options. This versatile property is ready for immediate development.

    Property Features for 0 Michigan Rd

    General Information

    Property type
    Flex space
    Lot Size
    17,424 SF

    HighLights

    • 0.4‑0.5 acre flex space parcel available for development.
    • High traffic counts: 4,362 AADT on E Michigan Rd, 20,518 AADT on E State Rd 44, and 35,508 AADT off I‑74.
    • Strong demographics: 2,563 residents within 1 mile, 19,407 within 3 miles, and 24,289 within 5 miles.
    • Excellent location: 1 mile to I‑74 and 34 miles to Indianapolis.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Waldron
    County
    Shelby
    State
    Indiana
    Longitude
    -85.6815963
    Latitude
    39.4833892

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    FAQs

    What type of property is this?
    Flex space - High-traffic flex space, ideal for retail or industrial use.
    Where is this flex space located?
    The property is located at Michigan Rd Waldron, IN.
    What are key features of this property?
    This property features: 0.4-0.5 acre flex space parcel available for development.; High traffic counts: 4,362 AADT on E Michigan Rd, 20,518 AADT on E State Rd 44, and 35,508 AADT off I-74.; Strong demographics: 2,563 residents within 1 mile, 19,407 within 3 miles, and 24,289 within 5 miles.
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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
    Michigan Rd Waldron, IN 46176
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