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Property profile & analytics
FOR SALE
Commercial real estate

10924 Saint Johns Rd Borden, IN 47106

4,320 SF 8.46 ac lot Built 1978
Entity Owned 4-yr Hold Free & Clear
Property ID
US31-2732162
Property summary
AI-generated overview

This exceptional 13.85-acre property, located at 10924 Saint Johns Road in Borden, Indiana, presents a unique investment opportunity. The site boasts a total of 11,955 square feet of existing buildings, although these structures require complete renovation or new construction. Currently, there are no active utilities connected to the buildings. A lease is in place for portions of the land, encompassing model aircraft activities and agricultural crop cultivation. However, the buildings themselves are not currently leased. The property's versatile nature lends itself to a wide range of development possibilities. Imagine transforming this expansive site into a stunning wedding venue, a vibrant restaurant, or a thriving brewery. Alternatively, the acreage could be subdivided for residential development, creating a desirable residential community. The property's convenient access from Star Valley Way ensures excellent visibility and accessibility. This is a blank canvas for a visionary developer seeking to capitalize on the potential of this substantial land parcel in a desirable location. The asking price is $695,000, reflecting the significant development potential and the substantial acreage involved. This presents a rare chance to acquire a large tract of land with existing structures, offering flexibility and significant upside for the right investor.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1978
Construction WOOD
Total area 4,320 SF
Lot 8.46 ac (368,518 SF)
APN 10-13-01-500-008.000-035
UPID US31-2732162
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Lewen Line Realty LLC · 4 yrs held
Lewen Line Realty LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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