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    Property profile & analytics

    10160 Us Highway 31 Elizabethtown, IN 47232

    • Commercial real estate
    • 3,000 SF
    • 3.46 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-1449398
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 10160 Us Highway 31

    Year built
    1999
    Lot size
    3.46 lot acres
    Property size
    3,000 SF
    Property type
    Commercial real estate

    Description

    This exceptional 3.46-acre commercial property in Elizabethtown, Indiana, presents a unique investment opportunity. Ideally situated between Columbus and Seymour, the property boasts a 3,000 square foot metal building perfect for a small business. Constructed by Taylor Brothers, this 50' x 60' shop features all new LED lighting, a spacious asphalt parking lot, a kitchenette, and a restroom. The building is well-insulated and equipped with a furnace and air conditioning unit installed in 2014. A separate septic system services the shop. In addition to the commercial space, the property includes a charming Bedford Stone house. This three-bedroom, two-bathroom residence offers several updates, a fully-equipped kitchen, and a family room. The home features a gas furnace and air conditioning unit (2018) and a water heater (2017). An unfinished basement provides ample storage space, and a detached two-car garage completes the residential offering. The property is commercially zoned, with a variance allowing the owner to reside on the premises. This versatile property offers a blend of commercial and residential space, making it an ideal choice for a business owner seeking a convenient live-work arrangement or an investor looking for a multi-faceted opportunity. The property is priced at $500,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethtown
    County
    Bartholomew
    State
    Indiana
    Longitude
    -85.83681
    Latitude
    39.112

    Comparable in this City

    • $350,000
      1.44 Acres

      Elizabethtown Commercial Property on US 31

      Versatile 1.44-acre property suitable for warehouse, retail, office, or mixed-use.
      10140 S Us Highway 31, Elizabethtown, IN 47232
      View Details
    • $299,900
      5.66 Acres

      Residential Land with Lake Access

      5.66 acre residential lot with lake access.
      23a 750 S, Elizabethtown, IN 47232
      View Details

    Similar Nearby for Sale

    • $350,000
      1.44 Acres

      Elizabethtown Commercial Property on US 31

      Versatile 1.44-acre property suitable for warehouse, retail, office, or mixed-use.
      10140 S Us Highway 31, Elizabethtown, IN 47232
      View Details
    • $299,900
      5.66 Acres

      Residential Land with Lake Access

      5.66 acre residential lot with lake access.
      23a 750 S, Elizabethtown, IN 47232
      View Details
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    Elizabethtown, IN 47232
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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