Michigan Rd Waldron, IN 46176
- Retail properties
- 0.40 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Michigan Rd
- Lot size
- 0.40 lot acres
- Property type
- Retail properties
- Property subtype
- Industrial properties
Description
This exceptional outparcel in Shelbyville, Indiana, presents a prime opportunity for retail or industrial development. Situated on approximately 0.4 to 0.5 acres of buildable land, this property boasts exceptional visibility and accessibility. The location offers significant advantages, with high annual average daily traffic (AADT) counts on nearby major roadways: 4362 vehicles on E Michigan Rd., 20518 on E State Rd. 44, and 35508 on I-74. This ensures strong exposure to a substantial customer base. The property's strategic location also benefits from proximity to a significant population center. Within a one-mile radius, there are 2563 residents, expanding to 19,407 within three miles and 24,289 within five miles. Furthermore, the property enjoys convenient access to I-74, just one mile away, and is located only 34 miles from Indianapolis, providing easy access to a larger metropolitan area. This combination of high traffic counts, substantial population density, and convenient location makes this outparcel an attractive investment for businesses seeking a strong presence in a growing market. The property is zoned for flex use, allowing for a variety of development options. This versatile property is ready for immediate development.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Waldron
- County
- Shelby
- State
- Indiana
- Longitude
- -85.6816
- Latitude
- 39.4834
