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    22298 Us-31 Cicero, IN 46034

    For Sale
    $3,500,000

    19 Acres, Multi-Zoned Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 19.19-acre commercial land parcel presents a unique investment opportunity in Cicero, Indiana. Strategically located on US Highway 31, north of 216th Street, the property offers significant visibility. However, it's crucial to note that there is no direct road access. The land is comprised of three distinct zoning classifications, providing flexibility for diverse development plans. Ten acres are zoned O-1, allowing for commercial uses with a residential aesthetic, including banks, offices, medical facilities, and limited self-storage as part of a larger office complex. Three acres are zoned C-2, suitable for restaurants, recreational uses, and retail establishments such as antique or gift shops. Finally, 6.19 acres are zoned M-3, permitting uses such as concrete and asphalt plants. The asking price for this expansive property is $3,500,000. The property's address is listed as 22298 and 22010 US-31, Cicero, IN 46034, within Hamilton County. This prime location and zoning versatility make it an attractive prospect for a wide range of commercial ventures. Detailed zoning information and permitted uses are available upon request. The property's latitude and longitude coordinates are 40.1121693, -86.1285241 and 40.108762, -86.1293991.

    Property Features for 22298 Us-31

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cicero
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1285241
    Latitude
    40.1121693

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    FAQs

    What type of property is this?
    Land - 19 Acres, Multi-Zoned Commercial Land
    Where is this land located?
    The property is located at 22298 Us-31 Cicero, IN.
    What is the asking price?
    The asking price for this property is $3,500,000.
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    22298 Us-31 Cicero, IN 46034
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    Cicero, IN 46034
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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
    22298 Us-31 Cicero, IN 46034
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