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    3023 W Morris St, Unit | Indianapolis Indianapolis, IN 46241

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    For Sale
    $8,000,000

    80-acre industrial site in Opportunity Zone, ready access to interchanges.

    Property size:
    80 SF

    Property Features for 3023 W Morris St

    General Information

    Size
    80 SF

    Source: Stan Elser Agent Stan Elser

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    80 Acre Industrial Urban Infill

    This 80-acre industrial urban infill site is located within a Qualified Opportunity Zone. The property requires a 100-foot buffer zone for abutting residential areas. It features three points of access and ready access to three interchanges. The site is located three miles from downtown and I-465.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center Kitchen & Bath Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.2109148
    Latitude
    39.7494601

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    FAQs

    What type of property is this?
    Land - 80-acre industrial site in Opportunity Zone, ready access to interchanges.
    Where is this land located?
    The property is located at 3023 W Morris St, Unit | Indianapolis Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: - 80 Acre Industrial Site; - Qualified Opportunity Zone; - Ready access to three interchanges
    (317) 695-6641
    Request Owner's contact information
    3023 W Morris St, Unit | Indianapolis Indianapolis, IN 46241
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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
    3023 W Morris St, Unit | Indianapolis Indianapolis, IN 46241
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