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    5450 W 86Th St Indianapolis, IN 46268

    For Sale
    $2,500,000

    Retail - Indianapolis, IN

    Type:Retail
    Property size:
    21,300 SF
    Lot size:
    3.05 Acres
    Days on Market:
    74
    Last Refresh:
    Dec 5 at 7:06 pm

    Property Features for 5450 W 86Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    I4 - C4
    APN
    490413109039000600
    Exterior features
    Fencing
    Fencing
    Fenced
    Size
    21,300 SF
    Lot size
    3.05 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1986
    Roof type
    Flat
    Architectural style
    Other

    eXp Realty (812) 734-6048 [email protected]

    Listing agent Jason Alsup (888) 611-3912 License #RB14035549

    Listing date Sep 23, 2025

    MLS# 22033393 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Retail and Industrial Opportunity

    This 3.05-acre property in Indianapolis, IN, presents a value-add opportunity with both retail and industrial components. The retail site, zoned C4, consists of 15,000 square feet and is currently configured with 8 units, with the potential to be converted into 9 units. Most spaces are built out but would benefit from CAPEX improvements to modernize and maximize rental income. The industrial building, zoned I4, offers 6,300 square feet and is ideal for various industrial uses, providing flexibility for owner-users or tenants. The property, with a total size of 21,300 square feet, is perfect for investors looking to enhance value through renovations and lease-up strategies. With strong zoning designations, this site is ready for its next phase of growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.256672
    Latitude
    39.911274

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    FAQs

    What type of property is this?
    Retail property - 3.05-acre property with retail and industrial components in Indianapolis, IN.
    Where is this retail property located?
    The property is located at 5450 W 86Th St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - 3.05-acre property featuring both retail and industrial spaces.; - Retail site offering 15,000 sq ft zoned C4 with potential for 9 units.; - Industrial building providing 6,300 sq ft zoned I4 suitable for various uses.
    (888) 611-3912
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    Indianapolis, IN 46268
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5450 W 86Th St Indianapolis, IN 46268
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