4311 Station Rd Roanoke, IN 46783
This exceptional 20.3-acre commercial development opportunity in Roanoke, Indiana, is ideally situated along US Highway 24, boasting a daily traffic count of 15,000 vehicles. The property includes 18 acres zoned for agriculture and 2 acres zoned for commercial use, offering flexibility for a variety of development projects. Approved plans for a mini-storage facility on the commercial parcel are already in place, providing an immediate investment opportunity. All utilities are available. The site features space for a retention pond, addressing potential flood management concerns for future development. Discussions are underway for a new traffic signal at the southwest corner, further enhancing accessibility, in addition to two existing entry points. Located near Roanoke's thriving restaurants, boutiques, and healthcare facilities, this property presents a unique chance to capitalize on the town's growth. The asking price is $1,200,000, with a land value of $58,823 per square foot. The address is 4311 E Station Rd, Roanoke, IN 46783. This prime location and development-ready status make this a rare and valuable investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.