Listing Agency: Lee & Associates - Indianapolis s***@lee-associates.com Show Phone

Listed By: Stan Elser · License #RB14011207

Source: Lee-associates

Added: Sep 10, 2025 Changed: Aug 12 Last Checked: Aug 22 at 4:53AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 80 Acre Industrial Site
• Qualified Opportunity Zone
• Ready access to three interchanges

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Hair Salon Spa & Massage Center Nail Salon Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

183

Businesses Nearby

Explore this area Business Placement

Demographics for 46241, IN

33,568

Population

12,414

Households

2.7

Avg Household Size

33

Median Age

15%

College-Educated

73%

High-School Grad

23.9 sq mi

ZIP Area

1,405

Density / Sq Mi

$51,598

Median Household Income

$33,477

Median Earnings

$1,118

Median Rent

$111,500

Median Home Value

Market

Vacancy Rate% for Industrial in Indianapolis, IN

4.3% 2019

5.4% 2020

4.1% 2021

5.3% 2022

9.9% 2023

10.5% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

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 Street 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