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    1240 E Stop 11 Rd Indianapolis, IN 46217

    For Lease
    Contact for pricing

    Retail or automotive property with high visibility and ample parking.

    Property size:
    900 SF
    Lot size:
    0.50 Acres

    Property Features for 1240 E Stop 11 Rd

    General Information

    Size
    900 SF
    Lot size
    0.50 Acres

    Source: Bradley Company - Corporate Agent Pat O'Hara

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

    Overview

    High-Traffic Retail/Automotive Opportunity

    This 900-square-foot property, formerly a bank branch, presents an opportunity for vehicle-related businesses or fast food with a drive-thru. Zoned C4, the site benefits from high visibility and traffic counts, with 38,500 vehicles per day on US 31 and 19,500 vehicles per day on Stop 11 Rd. The parking ratio is 44 spaces per 1,000 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

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

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

    Similar Places Nearby

    Enterprise Rent-A-Car, U-Haul Neighborhood Dealer

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1307794
    Latitude
    39.6505118

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    FAQs

    What type of property is this?
    Parking lot & garage - Retail or automotive property with high visibility and ample parking.
    Where is this parking lot & garage located?
    The property is located at 1240 E Stop 11 Rd Indianapolis, IN.
    What are key features of this property?
    This property features: - High traffic counts: 38,500 VPD on US 31 & 19,500 VPD on Stop 11 Rd; - Zoned C4; - Great visibility
    (317) 796-4733
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    1240 E Stop 11 Rd Indianapolis, IN 46217
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    Indianapolis, IN 46217
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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
    1240 E Stop 11 Rd Indianapolis, IN 46217
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