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    Property profile & analytics

    3011 S Whitney Rd Selma, IN 47383

    • Commercial real estate
    For Sale
    View listing
    $375,000
    Value Estimation
    Location Intelligence
    Property ID
    US31-1829713
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3011 S Whitney Rd

    Property type
    Commercial real estate

    Description

    This exceptional turnkey wedding venue, known as "Bailey's Place," is situated on a picturesque 7.56-acre lot in Selma, Indiana. The property features a charming, restored 1841 cabin, ideal for bridal quarters or an event center, complete with a wood-burning fireplace and ample storage. A gorgeous pergola provides a stunning setting for ceremonies, surrounded by mature trees and enhanced by professionally installed evening lighting. The venue overlooks a three-quarter-acre stocked pond, adding to its idyllic ambiance. Separate facilities include restrooms in a dedicated building with a screened porch, and a garage used as an equipment shed. Two entrance gates provide convenient access. The sale includes all existing equipment, such as over 150 chairs and 15 tables. The property boasts a private well and sewer, allowing for future expansion, such as adding a kitchen and bathroom to the main cabin. Located minutes from Prairie Creek Reservoir and SR 32, this well-maintained property offers easy access to Muncie. While currently operating as a wedding venue, potential buyers should be aware that local planning commission approval may be required for continued use as such. The property is listed as commercial and includes 329,314 square feet of land. The asking price is $450,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Delaware
    State
    Indiana
    Longitude
    -85.2959081
    Latitude
    40.1664844

    Comparable in this City

    • $149,900
      0.18 Acres

      Downtown Selma Retail Opportunity

      Turn-key salon or convert to suit your business needs.
      305 S Albany St, Selma, IN 47383
      View Details
    • $124,900
      5.83 Acres

      Selma, IN Residential Land

      5.83-acre residential land parcel in rural Selma, Indiana.
      2510 S Whitney Rd, Selma, IN 47383
      View Details
    • $375,000
      7.56 Acres

      Unique Selma Property with Acreage

      7+ acre property with historical cabin and event venue.
      3011 S Whitney Rd, Selma, IN 47383
      View Details
    • $189,900
      696 SF

      Selma Duplex with Income Potential

      Investment opportunity: duplex plus single-family home in Selma, Indiana.
      314 S Un St, Selma, IN 47383
      View Details

    Similar Nearby for Sale

    • $124,900
      5.83 Acres

      Selma, IN Residential Land

      5.83-acre residential land parcel in rural Selma, Indiana.
      2510 S Whitney Rd, Selma, IN 47383
      View Details
    • $149,900
      0.18 Acres

      Downtown Selma Retail Opportunity

      Turn-key salon or convert to suit your business needs.
      305 S Albany St, Selma, IN 47383
      View Details
    • $375,000
      7.56 Acres

      Unique Selma Property with Acreage

      7+ acre property with historical cabin and event venue.
      3011 S Whitney Rd, Selma, IN 47383
      View Details
    • $189,900
      696 SF

      Selma Duplex with Income Potential

      Investment opportunity: duplex plus single-family home in Selma, Indiana.
      314 S Un St, Selma, IN 47383
      View Details
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    3011 S Whitney Rd
    Selma, IN 47383
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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