7117 Highway 311Sellersburg, IN 47172

Property Details for 7117 Highway 311

Year built

2021

Construction

WOOD

Lot size

1.77 AC

Property size (Sq ft)

11,847 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

10-26-08-800-696.000-040

APU

102608800696000040

Description

This exceptional 1,738-square-foot retail or office space is located at 7117 Hwy 311 in Sellersburg, Indiana, 47172. Situated in a Class A building constructed and renovated in 2021, this single-story property offers a versatile layout suitable for various uses, including traditional, executive, medical, or creative office spaces. The space is part of a building with four total suites, and this entire 1,738 square feet is currently vacant and immediately available. The property boasts ample parking with 66 spaces available. Its zoning is C-1, and the APN is 102608800. Located in the Silver Creek Township, Clark County, IN submarket, this property benefits from its proximity to Interstate 65 and is approximately 20 minutes north of Louisville, KY. The annual property taxes are $3.94 per square foot. The Sellersburg community offers a strong local economy, supported by initiatives from the Town of Sellersburg Redevelopment Commission, focused on promoting growth and investment. This prime location and modern building make this an excellent opportunity for businesses seeking a high-quality space in a thriving community. The property is easily accessible and offers a convenient location for employees and clients alike.

• CAP approach

  CAP return

  Valuation

  6%

  $1,461,381

  6.5%

  $1,348,967

  7%

  $1,252,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,019,790

  Geo Method

  $1,019,790

• Alternative Use

  Use

  Valuation

  Residential

  $1,672,720

  Hospitality

  $1,532,202

  Educational

  $1,274,774

  Medical

  $1,318,616

  Retail

  $1,982,982

Location Insight

City

Sellersburg

County

Clark

State

Indiana

Latitude

38.3755

Longitude

-85.7724

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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