2996 Us-421 Whitestown, IN 46075
This exceptional 3.19-acre parcel presents a remarkable redevelopment opportunity in Whitestown, Indiana. Ideally situated at the intersection of US Highway 421 and East 300 North in Boone County (APN: 06-12-21-000-018.000-012 & 06-12-21-000-019.000-012), this property offers unparalleled access and visibility. Currently zoned LB (Local Business) under Boone County jurisdiction, the land boasts potential flexibility with possible rezoning or variance for General Business (GB) use, as indicated by Boone County Planning & Zoning. The asking price is $744,900. This investment-grade land is suitable for a variety of uses, including daycare/nursery, pharmacy/drug store, and restaurant development, making it an attractive prospect for owner-occupied or investment purposes. Capitalize on Boone County's continued expansion and growth with this strategically located land, poised for significant returns. The property's prime location ensures high traffic volume and excellent visibility, creating a strong foundation for a successful venture. This is a rare chance to acquire a substantial land holding in a thriving area, ready for immediate development. The property is suitable for retail and office development.
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
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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.