11499 W Nobles Chapel Rd Elberfeld, IN 47613
For Sale
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This exceptional Elberfeld, Indiana property presents a unique investment opportunity. The 6-acre parcel includes a stunning 3,600 sq ft, 4-bedroom, 3-bathroom custom-built ranch home completed in 2021. Features include exotic hardwood floors, 9-10 ft ceilings, a gourmet kitchen with granite countertops and high-end Whirlpool appliances, a walk-in pantry, a gas fireplace, and a 3-car attached garage. The home also boasts a covered back porch overlooking an 8-foot deep in-ground saltwater pool. A separate, nearly 11,000 sq ft building, formerly a church, offers immense versatility as an event center. This space features a 30x60 stage, seating for at least 200, a full kitchen with Maytag appliances, and multiple meeting rooms. High-speed internet is professionally installed. A 40x80 maintenance shop completes the property, providing ample space for various uses. The property is conveniently located near major highways, offering easy access to surrounding cities. An additional 22 acres are optionally available for purchase. This property is ideal for a variety of uses, from residential to commercial, and presents a rare opportunity to acquire a substantial and versatile estate in a desirable location. The combination of a luxurious home, a large event space, and a spacious workshop makes this a truly unique and valuable property.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.