Interstate-Adjacent Commercial
For Sale
$499,000
S State Road 109, Knightstown, IN 46148
Land, Knightstown, IN
Property SizeContact for details
Lot Size5.30 Acres
Days on Market300
Property Features for S State Road 109
General Information
Property type
Land
Property subtype
Other
Zoning
Agricultural
Subdivision
No Subdivision
Lot features
Corner Lot, Irregular Lot, Not In Subdivision
Middle school
Shelbyville Middle School
Elementary school district
Shelbyville Central Schools
Middle school district
Shelbyville Central Schools
High school district
Shelbyville Central Schools
Directions
GPS Friendly
Standard status
Active
APN
331617000201002029
Lot size
5.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt Nw1/4 & Ne1/4 17-16-9 134.008A
Legal Description
Pt Nw1/4 & Ne1/4 17-16-9 134.008A
Utilities
Sewer type
Septic Needed
Listing Agency:
Highgarden Real Estate
(317) 205-4320
Listed By:
Albert Stancato · License #RB16000255
(317) 280-4663
Added: Nov 13, 2025
Changed: Aug 28
Last Checked: Sep 9 at 3:06PM
MLS# 22073511
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5.3-acre cleared parcel is offered as commercial land near the westbound I-70 exit ramp and State Road 109. The site is currently zoned Agricultural, and commercial rezoning will be required before development. Potential roadside applications identified for the property include a fast food restaurant, gas station, convenience store, or similar use.
Access is provided from the exit-ramp area, with exposure to I-70 and State Road 109. The parcel is adjacent to the new Henry County Community Health Facility and is being offered separately from the seller’s larger 134-acre tract. Utility installation will require a septic system and well. The seller will subdivide the larger tract for multiple buyers, while this offering applies only to the specific parcel described.
Access is provided from the exit-ramp area, with exposure to I-70 and State Road 109. The parcel is adjacent to the new Henry County Community Health Facility and is being offered separately from the seller’s larger 134-acre tract. Utility installation will require a septic system and well. The seller will subdivide the larger tract for multiple buyers, while this offering applies only to the specific parcel described.
Key Highlights
- 5.3‑acre cleared parcel offered for commercial development
- Directly off the I‑70 westbound exit ramp with exposure to I‑70 and State Road 109
- Currently zoned Agricultural; commercial rezoning required
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 46148, IN
4,859
Population
2,137
Households
2.3
Avg Household Size
44
Median Age
22%
College-Educated
95%
High-School Grad
51.1 sq mi
ZIP Area
95
Density / Sq Mi
$62,951
Median Household Income
$44,236
Median Earnings
$849
Median Rent
$180,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Cleared development parcel near an interstate exit ramp, with commercial rezoning required and well and septic installation anticipated.
Where is this commercial land located?
The property is located at S State Road 109 Knightstown, IN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 5.3‑acre cleared parcel offered for commercial development; Directly off the I‑70 westbound exit ramp with exposure to I‑70 and State Road 109; Currently zoned Agricultural; commercial rezoning required
