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Property profile & analytics
FOR SALE
Retail space

1651 E Us Highway 40 Greencastle, IN 46135

3,356 SF 2.95 ac lot Built 1960
Individually Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-1101168
Property summary
AI-generated overview

This exceptional retail property, located at 1651 E US Highway 40 in Greencastle, Indiana, presents a unique investment opportunity. The 4.89-acre lot boasts a highly desirable corner location with exceptionally high traffic counts, ensuring maximum visibility and accessibility for any business. The property comprises two parcels totaling 4.89 acres: one 2.95 acres and the other 1.94 acres. Significant improvements include a substantial 60x42 pole barn constructed in 1987. This barn features a poured concrete floor, electricity, heat, and a large overhead service door, offering ample storage or workshop space. An older building, constructed in 1960, is also present on the site and offers potential for redevelopment or repurposing. The property benefits from convenient access, with entrances from both US Highway 40 (including a dedicated turning lane) and US 231. The existing building on the front left portion of the property may qualify for boundary grandfather provisions, offering flexibility for future development plans. This property is listed at $3,000,000 and represents a compelling opportunity for businesses seeking a high-visibility location with substantial land and existing structures. The combination of high traffic, ample space, and convenient access makes this an ideal location for a variety of retail ventures.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Construction TYPE NOT SPECIFIED
Total area 3,356 SF
Lot 2.95 ac (128,502 SF)
Zoning code ZO01
APN 67-12-11-102-025.000-017
UPID US31-1101168
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Daniel K Trimble · 13 yrs held
Daniel K Trimble
since 2012
2 recorded transactions
2012
$50,000
2008
Price N/A
Zoning & alternative use
ZO01 · Greencastle, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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