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    6711 Shelbyville Rd Indianapolis, IN 46237

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    For Sale
    Contact for pricing

    Prime land suitable for townhomes, office, retail, or restaurant.

    Lot size:
    2.00 Acres

    Property Features for 6711 Shelbyville Rd

    General Information

    Lot size
    2.00 Acres

    Source: CBRE | Indianapolis Agent Scott Wise

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

    Overview

    Land with Development Potential

    This property is currently zoned D-A, with the potential for rezoning to light commercial or moderate residential use. It offers 420 feet of frontage on Shelbyville Road. Primary utilities are available at the site. The location is near a high-traffic retail center and Bunker Hill Elementary School. A new retail center, Five Points, is located within 0.5 miles of the property on the I-65/Southport Rd corridor. New construction next to Kroger on the I-65/Southport Rd Corridor includes tenants such as Starbucks, Taco Bell, Dunkin, McDonalds, Great Clips, and Papa Johns. The property is suitable for a townhome project developer or a multi-tenant office, restaurant, or retail building. Franklin Township's population as of the 2020 census was 65,788, up from 32,080 in 2000. This twofold increase makes Franklin Township the fastest-growing of Marion County’s nine townships during that timeframe. The township has a median income of $70,000.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Clothing Store Pharmacy Skin Care Clinic Accounting Firm Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.047644
    Latitude
    39.664237

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    FAQs

    What type of property is this?
    Land - Prime land suitable for townhomes, office, retail, or restaurant.
    Where is this land located?
    The property is located at 6711 Shelbyville Rd Indianapolis, IN.
    What are key features of this property?
    This property features: - 420 feet of Shelbyville Road frontage provides excellent visibility.; - Located near the Five Points retail center and the I-65/Southport Rd corridor, providing easy access to major retailers and restaurants.; - High population growth in Franklin Township indicates strong market demand.
    (317) 269-1000
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    Indianapolis, IN 46237
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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
    6711 Shelbyville Rd Indianapolis, IN 46237
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