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    130 Raymond St Indianapolis, IN 46225

    Sponsored
    For Sale
    $199,900

    High-Visibility Commercial Property, Three Lots

    Property size:
    1,350 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a 1,350 square foot, 1 1вЃ„2-story building situated on three lots totaling 0.07 acres at the highly visible corner of Capitol and Raymond Streets in Indianapolis, Indiana. The property boasts a desirable location with excellent visibility, making it ideal for a variety of commercial uses. Currently configured as a main-level office space and an upper-level apartment, the building offers flexibility for future development. The main level encompasses 834 square feet, providing ample space for business operations. The property includes a one-car attached garage and a two-car detached garage, offering convenient parking options. Currently zoned C-1, the property has the potential for rezoning to C-3, C-4, or C-5, opening up possibilities for auto sales, retail sales, or other commercial ventures, subject to necessary approvals. This versatile property presents a unique opportunity for investors seeking a high-traffic location with significant development potential. The building's existing configuration, combined with the expansive lot size and prime location, makes this an attractive proposition for both established businesses and entrepreneurs looking to establish a presence in a thriving Indianapolis neighborhood. The three lots provide ample space for expansion or future development projects. This is a rare opportunity to acquire a well-positioned commercial property with significant upside potential.

    Property Features for 130 Raymond St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,350 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1910
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.16115
    Latitude
    39.73719

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    FAQs

    What type of property is this?
    Commercial real estate - High-Visibility Commercial Property, Three Lots
    Where is this commercial real estate located?
    The property is located at 130 Raymond St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $199,900.
    (317) 946-9444
    Request Owner's contact information
    130 Raymond St Indianapolis, IN 46225
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    Indianapolis, IN 46225
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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
    130 Raymond St Indianapolis, IN 46225
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