Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    In-109 Knightstown, IN 46148

    For Sale
    $4,500,000

    60 Acres, Knightstown, IN - Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 60-acre property presents a unique investment opportunity in Knightstown, Indiana. Strategically located near the intersection of Interstate 70 and State Road 109, this land offers unparalleled access to major transportation arteries, making it ideal for industrial or commercial retail development. Currently zoned AG (Agricultural), local zoning authorities have indicated a willingness to consider industrial zoning for this site, opening up a wide range of possibilities. The property comprises two parcels (33-16-08-000-305.000-029 & 33-16-17-000-201.002-029), providing ample space for a large-scale project. The proximity to a major hospital currently under construction on the opposite side of I-70 further enhances the property's value and potential. The site boasts frontage on I-70, ensuring high visibility and accessibility. Easements provide multiple access points to the property, as illustrated in accompanying photos. While the property south of I-70 is excluded from the sale, the substantial acreage available presents a compelling opportunity for a significant industrial complex or trucking terminal. The asking price is $4,500,000. This property is designated for highest and best use, which is industrial, HB1 or GB. An informal video showcasing the property is available online.

    Property Features for 0 In-109

    General Information

    Property type
    Land
    Lot Size
    2,613,600 SF

    HighLights

    • 60‑acre industrial/commercial site in Knightstown, IN, near I‑70 and SR 109 intersection.
    • High potential for industrial or commercial retail development; rezoning from AG to industrial is likely.
    • Significant I‑70 frontage provides excellent visibility and accessibility.
    • Proximity to a large hospital under construction across I‑70 enhances value and potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Knightstown
    County
    Henry
    State
    Indiana
    Longitude
    -85.56955
    Latitude
    39.85253

    Nearby Comparable

    • New
      $499,000
      5.30 Acres

      Knightstown Land I-70 Exit Ramp

      5+ acres for commercial development with high visibility.
      S State Road 109, Knightstown, IN 46148
      View Details
    • New
      $1,125,000
      25.00 Acres

      Versatile Land Near I-70 Exit

      25 acres of farmland with commercial conversion potential.
      S State Road 109, Knightstown, IN 46148
      View Details
    • New
      $2,625,000
      35.00 Acres

      Knightstown Farmland for Commercial Development

      35 acres of farmland ideal for commercial development.
      00 S State Road 109, Knightstown, IN 46148
      View Details
    • $650,000

      Multifamily Investment Opportunity in Shirley

      Partially renovated multifamily property with immediate income-generating potential in Shirley.
      100 Lee St, Shirley, IN 47384
      View Details

    FAQs

    What type of property is this?
    Land - 60 Acres, Knightstown, IN - Development Ready
    Where is this land located?
    The property is located at In-109 Knightstown, IN.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 60-acre industrial/commercial site in Knightstown, IN, near I-70 and SR 109 intersection.; High potential for industrial or commercial retail development; rezoning from AG to industrial is likely.; Significant I-70 frontage provides excellent visibility and accessibility.
    Request Owner's contact information
    In-109 Knightstown, IN 46148
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    In-109
    Knightstown, IN 46148
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    In-109 Knightstown, IN 46148
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.