1502 State Road 47 Lebanon, IN 46052
- Commercial real estate
- 167.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1502 State Road 47
- Lot size
- 167.00 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- Boone
- State
- Indiana
- Longitude
- -86.49847451862
- Latitude
- 40.126408941348
