17907 Thunder Rdg, Spencerville, IN 46788
This exceptional 0.71-acre commercial lot presents a unique opportunity in the desirable Honeysuckle community, located east of Leo in De Kalb County, Indiana, and served by Leo Schools. Situated on a quiet cul-de-sac, this property offers significant privacy while enjoying convenient proximity to schools, restaurants, and Parkview Hospital. Honeysuckle is a private, rural community providing the benefit of city water and sewer services, all within a setting of larger estate lots. The lot's wooded character adds to its appeal, creating a tranquil environment for development. Building plans must adhere to community guidelines, which include minimum square footage requirements: ranch-style homes must be at least 2,000 square feet, while 1.5-story or 2-story homes must be a minimum of 2,400 square feet. A three-car garage is also mandatory. The opportunity to construct outbuildings is an added bonus. The asking price for this prime commercial land is $99,900. The property is located at 17907 Thunder Ridge, Spencerville, IN 46788. This is a rare chance to acquire a buildable lot in a sought-after location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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