Property Details for Highway 31

Lot size

87.70 lot acres

Property type

Commercial real estate

Description

This exceptional 87.7-acre property located on Highway 31 in Sellersburg, Indiana presents a unique investment opportunity. The land boasts significant commercial development potential, particularly the approximately 27 acres with I-65 frontage offering unparalleled visibility. This section is ideal for businesses seeking high traffic exposure. A significant portion of the property is suitable for recreational use, offering versatility and potential for mixed-use development. The land is currently partially farmed, with approximately 27 acres tillable and 21 acres non-tillable. There are also approximately 36 acres of woodland. The property includes roughly half a mile of Highway 31 frontage, providing excellent access and exposure. It's important to note that portions of the property fall within a partial floodway and floodplain, a factor that should be considered in any development plans. This substantial acreage offers a rare blend of commercial viability and recreational possibilities, making it an attractive proposition for developers and investors seeking a large-scale project in a desirable location. The asking price for this unique property is $475,000. Detailed surveys and environmental assessments are recommended for prospective buyers to fully understand the property's characteristics and potential development constraints.

Location Insight

City

Sellersburg

County

Clark

State

Indiana

Longitude

-85.7527

Latitude

38.4154