10239 Red School Rd Shoals, IN 47581
This exceptional commercial property, located at 10239 Red School Road in Shoals, Indiana, presents a unique investment opportunity. The offering encompasses a substantial 8,690 square foot main building, ideally suited for a variety of commercial uses. This building boasts three-phase power, a significant advantage for businesses requiring robust electrical capacity. The layout includes a well-defined blend of office and warehouse space, providing flexibility for diverse operational needs. Adding to the property's appeal is an additional 80' x 40' warehouse building, offering even more storage or production area. This expansive complex sits on a generous 20-acre parcel, primarily wooded and offering significant potential for future development or expansion. The property's advantageous location offers easy access to key transportation routes, while its proximity to the Martin State Forest provides a tranquil and naturally appealing setting. The asking price for this substantial commercial property is $475,000, representing a compelling value for the size, features, and acreage involved. This is a rare opportunity to acquire a versatile and well-equipped commercial property in a desirable location. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.