3800 Western Ave Connersville, IN 47331
This exceptional opportunity presents 1.1 to 2.37 acres of prime commercial land in Connersville, Indiana, ideally situated within a thriving retail area. The property, zoned for General Business use, boasts three convenient access points, two directly off a state highway, ensuring high visibility and easy accessibility for customers. Utilities are readily available at the street, and newly constructed roadways are in place, making this a truly "shovel-ready" site. The location offers significant advantages, abutting a Walmart Superstore and near a Dollar Tree strip mall, guaranteeing substantial traffic flow. This development provides flexible lot options, allowing for projects of varying scales. A particularly attractive lot, measuring 2.373 acres, is directly adjacent to the Walmart Superstore. Furthermore, this property is designated as a Qualified Opportunity Zone, potentially offering significant tax advantages for investors. The development features excellent lighting and convenient access points from State Road 1 and Opportunity Drive, as well as 37th Street. This is an unparalleled chance to establish a successful commercial venture in a high-traffic, well-developed location. The asking price is $319,900.
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
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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.