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USAINElwood7874 E State Road 28
Listing image | Image 1

7874 E State Road 28, Elwood, IN

House

For Sale

Listed price in listed location currency (USD).
$150,000

000

MLS® 22111153

Overview

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 10
Lot Size 4.09 Acres
Approx. Age 
MLS® Number 22111153

Property Address: 7874 E State Road 28, Elwood, IN, 46036-8450

Average square foot calculated using Size range provided by listing agent.

Description

Commercial Real Estate Auction - Friday, August 14th at Noon 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. 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. Whether you're looking to expand your business, establish a new headquarters, or add a high-performing asset to your investment portfolio, this property offers exceptional flexibility and outstanding income potential. With two separate buildings, billboard revenue, and multiple occupancy options, the possibilities are endless. Investors will appreciate the property's strong cap rate potential and long-term upside in this highly visible commercial location.
MLS® Number22111153
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

Last Sold Price

----

Appreciation

--

Avg. Days Listed

400 days

Today, For Sale for $150,000

For Sale · 10 days

$150,000

MLS® 22111153

10 days ago

Not Sold Yet

July 2026, For Sale for $150,000

For Sale · 10 days

$150,000

MLS® 22111153

10 days ago

Not Sold Yet

June 2025, For Sale for $350,000

Road frontage on State Rd 28
For Sale · 400 days

$350,000

MLS® 22043983

A year ago

Not Sold Yet

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