Property profile

3097 600th W Greenfield, IN 46140

OFF-MARKET
Commercial land
Property ID
US31-0846684
2,698 SF 2.33 ac lot Built 1900
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3.8-acre parcel, zoned B-1, presents a prime opportunity for retail development in Hancock County's thriving Mt. Comfort area. The property offers significant visibility and convenient access from two entry points, ensuring ease of ingress and egress. Its location within a rapidly expanding business and residential area provides immediate access to a substantial consumer base. The site is designated as a "shovel-ready" property by the State of Indiana, streamlining the development process. Nearby corporate neighbors include well-known brands such as Reebok, Adidas, Formica, and Caterpillar, underscoring the area's strong economic vitality. Further enhancing the location's appeal is the presence of a new Hancock County hospital campus under construction and the Mt. Comfort Air Park, a 160-acre master-planned business park. The ongoing development of Mt. Comfort Road as a connector road will further improve accessibility. Carvana, a major employer, is also expanding its workforce in the immediate vicinity, adding to the area's robust growth trajectory. This single-tenant property offers numerous design and layout options, benefiting from over 35 years of development experience. The site's potential is further amplified by its proximity to major transportation arteries, providing easy access to anywhere on the east side of Indianapolis. This is an unparalleled opportunity to establish a successful retail presence in a high-growth market.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1900
Construction WOOD FRAME
Total area 2,698 SF
Lot 2.33 ac (101,582 SF)
APN 30-06-18-300-009.000-006
UPID US31-0846684

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3097 600th W Greenfield, IN 46140-8382
Greenfield metro Census 410901 INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$160k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2020
Price N/A
2013
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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