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    OFF-MARKET
    Commercial real estate

    17907 Thunder Rdg, Spencerville, IN 46788

    0.71 ac lot
    Property ID
    US31-0380277
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 0.71 ac (30,928 SF)
    UPID US31-0380277
    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
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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