0 5+/- Acres Buildable Tract Off Sr 9 Shelbyville, IN 46176
This exceptional 5-acre commercial land tract in Shelby County, Indiana, presents a unique opportunity for development or investment. Located just 10 minutes from Shelbyville, this property offers a peaceful rural setting while maintaining convenient access to amenities. The land is primarily tillable, currently farmed, but features fantastic buildable sites. A perc test has already been completed, simplifying future development plans. Mature woods and a tranquil creek enhance the natural beauty and provide a serene atmosphere. A survey is on file, ensuring clear property boundaries. The parcel number is 73-15-08-200-012.000-021, and the 2022 property taxes were $216. This versatile property is ideal for those seeking a rural retreat, a homestead location, or a strategic investment in the Shelby County area. The legal description is Pt Nw Ne 8 11 7 (5.74 + 9.00) 14.74 Ac. The asking price for this prime commercial land is $189,000. This presents a rare chance to acquire a sizable, buildable tract in a desirable 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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.