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Investment Highlights

  • High Traffic Location
  • 6,900 Sq. Ft. Building
  • Billboard Rights included
  • 4.09 Acres
  • 1,200 Sq. Ft. Building
  • Roofs on both buildings replaced 2 years ago

Executive Summary

Outstanding opportunity to own a versatile commercial property situated on 4.09 acres with excellent visibility along high-traffic State Road 28. Offering exceptional flexibility for both owner-users and investors, this property features two separate commercial buildings with endless possibilities.
The primary building offers approximately 6,900 square feet and includes warehouse space, office area, restroom, and abundant storage/workspace. The second building consists of approximately 1,200 square feet of fully heated and cooled space with a restroom, making it ideal for office, retail, or additional business operations. Property could easily be renovated to be equipped for heavy power.
Occupy one building while leasing the other to generate additional income, or utilize both buildings for your growing business. This property would be well suited for contractors, fleet operations, landscaping companies, light manufacturing, service businesses, distribution, storage, and many other commercial uses.
Additional features include billboard rights for added income potential, city water and sewer, a large paved parking lot, and approximately two-year-old roofs on both buildings.
Properties offering this combination of acreage, multiple buildings, visibility, and income potential are rarely available. Whether you're expanding your business or adding to your investment portfolio, this is an outstanding opportunity to acquire a high-exposure commercial property with tremendous upside.

Property Facts

Price $250,000
Price Per SF $30.79
Sale Type Investment or Owner User
Property Type Flex
Property Subtype
Light Distribution
  • General Retail Auto Dealership
  • Industrial Service
Building Class C
Lot Size 4.09 AC
Rentable Building Area 8,120 SF
No. Stories 2
Year Built 1900
Parking Ratio 1.35/1,000 SF
No. Dock-High Doors/Loading 4
No. Drive In / Grade-Level Doors 1
Zoning Commercial General - Commercial

Amenities

  • Signage
  • Storage Space

Utilities

  • Lighting
  • Gas - Natural
  • Water
  • Sewer - City
  • Heating - Gas
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
80-09-08-400-048.000-007
Land Assessment
$34,100
Improvements Assessment
$56,800
Total Assessment
$90,900
  • Listing ID: 41192570

  • Date on Market: 7/7/2026

  • Last Updated:

  • Address: 7874 E State Road 28, Elwood, IN 46036

Contact the Sale Advisor

7874 E State Road 28

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