3760 In-39 Lebanon, IN 46052
This exceptional 4.05-acre property in Lebanon, Indiana, presents a compelling investment opportunity. Currently zoned R2 (Residential), it offers significant potential for commercial development, given its anticipated zoning change and proximity to key growth areas. The site boasts existing utilities, simplifying development plans. Located at 3760 IN-39, Boone County, IN 46052 (APN: 06-10-13-000-035.000-001, 06-10-13-000-043.001-001, 06-10-13-000-043.000-001), this strategically positioned land is less than two blocks from the new Lilly Development and minutes from the proposed LEAP Innovation District, promising substantial future appreciation. The large lot size allows for diverse development options, making it ideal for investors seeking long-term value and returns. The property is offered fee simple, with no lease in place. Please note that residents are currently on the site
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.