& Chicago Cor Spruce Rd New Carlisle, IN 46552
This exceptional 233-acre property in New Carlisle, Indiana, presents a unique investment opportunity. Located at the northwest corner of Spruce Road and Chicago Trail, this expansive land parcel is zoned for agricultural, commercial, and residential uses, offering unparalleled versatility. The property boasts two existing pole barns, providing immediate utility or potential for repurposing. Its strategic location near a forthcoming battery plant promises significant future growth and value appreciation. The land's size and zoning allow for a wide range of development possibilities, from a large-scale residential community seamlessly blending modern amenities with rural tranquility, to commercial ventures capitalizing on the area's burgeoning economic landscape. The asking price is $15,159,950. The property's address is VL NW Corner Spruce Rd & Chicago Trl, New Carlisle, IN 46552. This is a rare chance to acquire a substantial tract of land with exceptional potential in a rapidly developing area. The property's versatility makes it ideal for investors, developers, and visionaries seeking to create a thriving and sustainable project. Serious inquiries are encouraged to explore the full potential of this remarkable opportunity.
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.