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Property profile & analytics
OFF-MARKET
Commercial real estate

1502 State Road 47 Lebanon, IN 46052

167 ac lot
Entity Owned 1-yr Hold
Property ID
US31-2087029
Property summary
AI-generated overview

This exceptional 167.64-acre property presents a remarkable investment opportunity in Boone County, Indiana. Located at 1502 W State Rd 47 in Lebanon, IN 46052, this expansive tract boasts a highly desirable location, situated just over a mile from the new Eli Lilly $3.7 billion campus and three miles from the planned 6,000-acre Lebanon Tech Park. Its strategic position within half a mile of the I-65 interchange on State Road 47 provides convenient access via county roads and rail access, making it ideal for a variety of commercial and industrial uses. The property benefits from its placement along the Indy-Chicago corridor, between Indianapolis and Lafayette, ensuring strong potential for future growth and development. This contiguous acreage offers unmatched potential for businesses seeking a prime location in Indiana's fastest-growing area. The property is zoned for commercial and industrial uses, providing flexibility for various development plans. This is a rare opportunity to acquire a significant land parcel in a thriving economic region. The size and location of this property make it an exceptional investment for long-term growth and profitability. County road and rail access further enhance its appeal.

Property profile
Verified
Property type Commercial real estate
Lot 167 ac (7,274,520 SF)
UPID US31-2087029
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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Owner & transaction history
North Eastern Holdings LLC · 1 yrs held
North Eastern Holdings LLC
since 2025
5 recorded transactions
2025
$6.5M
2023
Price N/A
2021
Price N/A
2018
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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