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    1055 Sr 37 Rd Mitchell, IN 47446

    • Commercial real estate
    • 10.07 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1055 Sr 37 Rd

    Year built
    1957
    Lot size
    10.07 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 10.07-acre commercial property presents a unique investment opportunity in Mitchell, Indiana. Strategically located on State Road 37, approximately two miles south of State Road 60, this site boasts an impressive 526 feet of road frontage, ensuring exceptional visibility and accessibility for any commercial venture. The property's location is surrounded by rolling farmland, offering a tranquil yet accessible setting. Existing infrastructure includes electricity, a well, and septic system, simplifying development plans. The property also includes an 864 square foot cement block building equipped with restrooms. While previously known as the Holiday Drive-In Theatre, all theatre equipment and the carport are excluded from the sale unless specifically negotiated as part of a separate agreement. The property is being sold in "as-is" condition, with inspections welcomed to facilitate a transparent and informed purchase. This prime real estate presents a blank canvas for a wide range of commercial developments, capitalizing on its high visibility, ample space, and convenient location. The possibilities are vast, making this an exceptional opportunity for investors and developers alike.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mitchell
    County
    Lawrence
    State
    Indiana
    Longitude
    -86.462
    Latitude
    38.7022

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      1559 Wesley Chapel Rd

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    1055 Sr 37 Rd
    Mitchell, IN 47446
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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