1055 Sr 37 Rd Mitchell, IN 47446
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.
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
Similar Nearby for Sale
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.