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Property profile & analytics
OFF-MARKET
Land

231/I-64 Hwy Dale, IN 47523

1.45 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial land offering presents a unique investment opportunity in Dale, Indiana. Located on both the old and new Highway 231, near the I-64 interchange, this property boasts high visibility and accessibility. The lot size ranges from 1.45 to 8.24 acres, providing flexibility for various development projects. The property is zoned Highway Business, ensuring a wide range of permitted uses. All utilities are readily available, simplifying the development process. This is the first limited-access location south of I-64, offering unparalleled exposure to a significant volume of daily traffic. Phase 1 of the development is already complete, with established businesses such as Wendy's and Denny's already operating successfully. The remaining land is available for purchase and can be subdivided to accommodate individual needs and project scopes, making it ideal for both large-scale and smaller commercial ventures. This prime location, coupled with its zoning and existing infrastructure, makes this a highly desirable property for investors seeking strong returns and significant development potential. The property's strategic positioning near the I-64 interchange ensures easy access for customers and employees alike. Don't miss this chance to secure a piece of this thriving commercial corridor.

Property profile
Verified
Property type Land
Lot 1.45 ac (63,162 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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