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Property profile & analytics
OFF-MARKET
Land

1246 In-32 Union City, IN 47390

10.95 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10.95-acre property in Union City, Indiana, presents a compelling investment and development opportunity. Located at 1246 S State Road 32, Randolph County, IN 47390 (APN: 68-09-28-100-044.078-021), this commercially and industrially zoned land offers significant potential. The property includes approximately eight acres of developable land, ideal for a variety of commercial or industrial projects, providing flexibility for future expansion or development. Adding to its appeal is an existing income-producing rental home, generating immediate cash flow. This turnkey investment allows for both short-term revenue and long-term growth potential. The property's strategic location in Union City, Indiana, provides convenient access to transportation routes and essential amenities. This is a rare opportunity to acquire a substantial land parcel with an existing income stream, making it an attractive investment for both seasoned developers and astute investors seeking a diversified portfolio. The asking price for this unique property is $750,000. Don't miss this chance to secure a prime piece of real estate in a thriving area.

Property profile
Verified
Property type Land
Lot 10.95 ac (476,982 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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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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