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357 Tanger Blvd Seymour, IN 47274-4401

OFF-MARKET Commercial land Google Maps
23.37 ac lot
Individually Owned 7-yr Hold Free & Clear
Estimated value (blended)
$245k
Range $221k – $270k (±10%)
Property ID US31-1742869

Property summary

AI-generated overview

The Seymour Shoppes, a 165,000 square foot Class B multi-use shopping center, presents a unique investment opportunity in Seymour, Indiana. Built in 1994, this single-story building sits on 16 acres of land and offers a variety of spaces suitable for retail, office, restaurant, and medical uses. The property boasts 25 suites ranging from a minimum of 1,200 square feet to a maximum contiguous space of 25,000 square feet, catering to diverse business needs. Ample parking is available with 750 spaces. Its strategic location offers excellent visibility and accessibility, with Interstate 65 frontage and an interchange at Highway 50. The property is conveniently located near a Wal-Mart Distribution Center, benefiting from high traffic volume and a strong regional draw. The zoning is commercial, and the property features a 1.5-acre outlot, along with an additional 14 acres of adjoining land, offering significant expansion potential. The property's address is 357 Tanger Blvd, Seymour, IN 47274, within Jackson County (APN: 36-66-15-800-002.009-009). This location serves a population of 2.3 million within a 60-mile radius. The property is ideal for businesses seeking high visibility and convenient access to a large consumer base.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 23.37 ac (1,017,910 SF)
APN 36-66-15-100-002.010-009
UPID US31-1742869

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Cinema Theater & Performing Art Venue
  • Home Health Care Service
  • Animal Training
  • Physician
  • Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2019
1 recorded transaction
2019
$142,500

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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