1246 In-32 Union City, IN 47390
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.