710 N Sherman Dr Indianapolis, IN 46201

A 7.44-acre portion of Sherman Park in Indianapolis is available for sale. This vacant land presents an infill redevelopment opportunity. The property can be developed independently, in sections, or as an assemblage following remediation. It is suited for an entrepreneurial buyer, investor, developer, speculator, or owner-occupier. The C-S zoning designation offers flexibility, permitting a wide range of land use choices and the potential to stimulate economic growth on the Near Eastside. The property is a brownfield site with ongoing remediation and potential incentives. It is zoned C-S, Special Commercial District. The location provides access to the I-65 and I-70 North Split, a heavily traveled interchange in central Indiana serving 220,000 motorists daily. The property is subject to use restrictions and institutional controls by environmental restrictive covenants recorded in 2012 and 2014. According to public information, the site is ready for industrial development once remediation achieves industrial cleanup levels. The western portion of the site is not suitable for residential or green space/park reuse without significant remediation, while the eastern portion could be suitable for other reuses besides industrial.