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    OFF-MARKET
    Land

    0 Us 31 & Pierce Rd, Lakeville, IN 46536

    1.91 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 1.91 ac (83,200 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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