10924 Saint Johns Rd Borden, IN 47106
For Sale
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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.
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.