10181 Mckinley Hwy Osceola, IN 46561
For Sale
This exceptional 2.85-acre parcel presents a compelling investment opportunity in Osceola, Indiana. Located at 10181 McKinley Highway, this R-1 zoned property boasts 88 feet of frontage on a major thoroughfare connecting Elkhart, Mishawaka, and South Bend. The high-traffic location, with over 17,000 vehicles daily, offers significant development potential. Currently featuring a 2,592 square foot single-family residence and a detached 672 square foot garage, the property provides immediate income potential or redevelopment options. The site is served by a private well and septic system. Its proximity to Penn High School, Schmucker Middle School, AM General, and Bittersweet Road further enhances its desirability. Convenient access to I-80/90 Toll Road and US 20/31 Bypass adds to its strategic location. An adjacent 2.39-acre parcel is also available for purchase separately, offering expansion possibilities. The property's APN is 71-10-04-276-002.000-031. This is a rare chance to acquire a substantial land holding in a prime location with excellent development potential. The asking price is $399,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.