1849 E Springhill Rd Warsaw, IN 46580
For Sale
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This exceptional 9.22-acre parcel presents a remarkable opportunity for commercial or residential development. Strategically located in Warsaw, Indiana, at 1849 E Springhill Rd (zip code 46580), this property boasts unparalleled visibility and accessibility, situated just off US 30, near SR 15 and E Center St. The R1 residential zoning allows for a variety of development options. The site benefits from existing public utilities, simplifying infrastructure needs. Its prime location offers easy access to major retailers and restaurants, including prominent names such as Meijer, Starbucks, Panda Express, Belle Tire, and Goodwill. Adding to its appeal, the property enjoys proximity to Warsaw Missionary Church and Pike Lake, enhancing its desirability and potential for attracting a diverse range of clientele. The asking price for this exceptional development opportunity is $645,400. This land offers significant potential for investors seeking high-impact returns in a thriving community. The property's high visibility and convenient location make it an ideal site for a variety of commercial or residential projects. Broker co-op is available.
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Warsaw Missionary Church Church
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WW Studio @ Warsaw Missionary Church Weight Loss Service Wellness Center
Planned unit developments shall be permitted in the R-1, R-2, R-3, C-2, C-3 and C-4 zone districts, provided that they meet the intent and regulations as contained in this ordinance. aa. Printing and duplicating shall be permitted in the C-2, C-3, C-4, C-5, I-1, I-2 and I-3 districts, provided that: 1. Commercial printing and copy shops are located in the C-…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
R-1 · Warsaw, INPlanned unit developments shall be permitted in the R-1, R-2, R-3, C-2, C-3 and C-4 zone districts, provided that they meet the intent and regulations as contained in this ordinance. aa. Printing and duplicating shall be permitted in the C-2, C-3, C-4, C-5, I-1, I-2 and I-3 districts, provided that: 1. Commercial printing and copy shops are located in the C-2, C-3, C-4, C-5 and I-1 zone districts. 2. Full scale printing operations are located in the I-1, I-2 and I-3 zone districts. bb. Recreation facilities for indoor use shall be permitted in the R-3, C-2, C-3, C-4,
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
