0 Us 31 & Pierce Rd, Lakeville, IN 46536
This exceptional 1.91-acre commercial land parcel presents a prime development opportunity in Lakeville, Indiana. Located at the signalized intersection of US 31 and Pierce Road (SR 4), this property boasts 427 feet of frontage on Pierce Road and 278 feet on US 31 South, ensuring high visibility and accessibility. The site benefits from its strategic location near the newly realigned US 31, easily accessible via exit N-4/239. Zoned C-Commercial, the property allows for a wide variety of commercial uses. Currently served by a well and septic system, the site offers potential for expansion with additional land acquisition available to the north and east. Its high-traffic location is further enhanced by its proximity to Newton Park, a popular recreational area attracting approximately 1,500 visitors per weekend (April-November), and Potato Creek State Park, which sees 165,000 annual visitors. The property is situated approximately six miles from the Erskine Trade Area, a significant commercial hub encompassing over 1,400,000 square feet of diverse commercial uses. The completion of the US 31 Bypass has significantly increased traffic flow past this property, making it an ideal location for businesses seeking high visibility and accessibility. The APN is 71-13-26-376-007.000-027. This is a rare opportunity to acquire a highly visible and strategically located commercial property in a rapidly growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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