11624 Us Hwy 231 Hwy Loogootee, IN 47553
This exceptional commercial property, located at 11624 US HWY 231 S Highway in Loogootee, Indiana, presents a unique opportunity for businesses seeking high visibility and convenient access. Boasting a prime location near the intersection of Highways 50 and 231, this 0.92-acre lot offers approximately 250 feet of highway frontage, ensuring significant exposure to a substantial volume of daily traffic. The property itself comprises over 3,000 square feet of versatile space, perfectly suited for a variety of commercial uses, including mechanics, retail, or service-based businesses. Three bay doors provide ample access for vehicles and equipment, while an additional 800 square feet of attic space offers potential for expansion or storage. The property also includes a dedicated office/reception area and extensive parking, ensuring a comfortable and efficient workspace for employees and clients. The combination of high traffic flow, excellent visibility, and ample space makes this property an ideal investment for any business looking to establish a strong presence and attract a large customer base in a thriving location. The asking price is $399,900.
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.