65957 In-19 Wakarusa, IN 46573
This exceptional commercial property presents a rare development opportunity in Wakarusa, Indiana. Located at 65957 IN-19, this 2.71-acre site boasts a prime corner location at the intersection of State Road 19 and Waterford Street, offering approximately 408 feet of frontage on State Road 19. The property includes three parcels of land, all zoned B-3, and must be purchased together. The asking price of $975,000 encompasses all three parcels. This high-visibility location benefits from a signaled intersection and is directly across the street from a BP gas station and McDonald's restaurant. Established businesses such as Horizon Transport and Dollar General are also nearby, indicating a strong commercial presence in the area. The property's versatility allows for a variety of retail uses, including convenience stores, gas stations, and restaurants, making it an ideal investment for developers seeking a high-traffic location with significant development potential. The two existing buildings on the property offer additional possibilities for redevelopment or repurposing. This is a unique opportunity to acquire a substantial commercial parcel in a thriving location.
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
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.