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Property profile & analytics
OFF-MARKET
Commercial real estate

1055 Sr 37 Rd Mitchell, IN 47446

10.07 ac lot Built 1957
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1957
Lot 10.07 ac (438,649 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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