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    & Chicago Cor Spruce Rd New Carlisle, IN 46552

    For Sale
    $15,159,950

    Agricultural, Commercial, Residential development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 233-acre property in New Carlisle, Indiana, presents a unique investment opportunity. Located at the northwest corner of Spruce Road and Chicago Trail, this expansive land parcel is zoned for agricultural, commercial, and residential uses, offering unparalleled versatility. The property boasts two existing pole barns, providing immediate utility or potential for repurposing. Its strategic location near a forthcoming battery plant promises significant future growth and value appreciation. The land's size and zoning allow for a wide range of development possibilities, from a large-scale residential community seamlessly blending modern amenities with rural tranquility, to commercial ventures capitalizing on the area's burgeoning economic landscape. The asking price is $15,159,950. The property's address is VL NW Corner Spruce Rd & Chicago Trl, New Carlisle, IN 46552. This is a rare chance to acquire a substantial tract of land with exceptional potential in a rapidly developing area. The property's versatility makes it ideal for investors, developers, and visionaries seeking to create a thriving and sustainable project. Serious inquiries are encouraged to explore the full potential of this remarkable opportunity.

    Property Features for & Chicago Cor Spruce Rd

    General Information

    Property type
    Farms
    Lot Size
    10,149,480 SF

    HighLights

    • 233‑acre land parcel in New Carlisle, IN, at the northwest corner of Spruce Road and Chicago Trail.
    • Zoned for agricultural, commercial, and residential use.
    • Includes two existing pole barns.
    • Located near a new battery plant, offering significant future growth potential.
    • Asking price: $15,159,950. Address: VL NW Corner Spruce Rd & Chicago Trl, New Carlisle, IN 46552.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Carlisle
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.470202716353
    Latitude
    41.737554555396

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    FAQs

    What type of property is this?
    Farm - Agricultural, Commercial, Residential development opportunity.
    Where is this farm located?
    The property is located at & Chicago Cor Spruce Rd New Carlisle, IN.
    What is the asking price?
    The asking price for this property is $15,159,950.
    What are key features of this property?
    This property features: 233-acre land parcel in New Carlisle, IN, at the northwest corner of Spruce Road and Chicago Trail.; Zoned for agricultural, commercial, and residential use.; Includes two existing pole barns.
    Request Owner's contact information
    & Chicago Cor Spruce Rd New Carlisle, IN 46552
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    New Carlisle, IN 46552
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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
    & Chicago Cor Spruce Rd New Carlisle, IN 46552
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