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  • $975,000

    888 N State Road 3, Lexington, IN 47138

    --beds
    --baths
    8.6Acres
    Unimproved Land
    Built in ----
    8.6 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Surrounding rural community
    Prime development opportunity in a high-traffic rural corridor with an unmet demand for commercial services! This 8-acre tract offers a rare "clean slate" for developers and investors looking to fill a major gap in the market. Located along State Road 3, this property benefits from strong pass-through traffic with limited nearby options for gas, food, or retail - the closest amenities are 15+ minutes away, creating a built-in customer base and everyday demand. This location is ideal for a convenience store, gas station, retail center, or quick-service restaurant to serve local residents, commuters, and travelers who currently have no nearby options. The surrounding rural community presents a unique opportunity for a high-visibility commercial hub where competition is minimal and need is high. With approximately 8 acres of level, usable land, there is flexibility for multiple layouts, future expansion, or phased development. Whether you're a seasoned developer or an investor seeking your next growth project, this property offers location, traffic exposure, and market demand - the trifecta for long-term commercial success. Don't miss your chance to secure a strategic footprint in an underserved area with strong development potential.
    60 days
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    32
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    0
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    Zillow last checked:

    Listing updated:

    Listed by:

    Casey Elkins 812-820-1526,

    Kovener & Associates Real Esta,

    Tamara Barger

    Source: MIBOR as distributed by MLS GRID,MLS#: 22102533MLS Logo

      Facts & features

      Property

      Lot
      • Size: 8.6 Acres
      • Topography: See Remarks
      Details
      • Parcel number: 720617500005000005
      • Zoning: Currently Agricultural
      • Zoning description: Agricultur
      • Horse amenities: None

      Utilities & green energy

      • Sewer: Septic Needed
      • Water: Municipal Water Near By

      Community & HOA

      Community
      • Subdivision: No Subdivision
      HOA
      • Has HOA: No
      Location
      • Region: Lexington

      Financial & listing details

      • Annual tax amount: $1,686
      • Date on market: 5/16/2026
      • Cumulative days on market: 62 days
      • Listing terms: Will Divide
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/16/2026Listed for sale$975,000
        Source: MIBOR as distributed by MLS GRID #22102533 Report a problem
        5/15/2026Listing removed$975,000
        Source: MIBOR as distributed by MLS GRID #22084732 Report a problem
        2/20/2026Listed for sale$975,000
        Source: MIBOR as distributed by MLS GRID #22084732 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 47138

        Getting around

        5 / 100
        Car-Dependent
        17 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Middle: Scottsburg Middle School
        • High: Scottsburg Senior High School

        Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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