Listing Agency: Colliers - Indianapolis, Indiana

Listed By: Stephen Daum · License #RB14022972 Show Phone

Source: Crexi

Added: Aug 2, 2024 Changed: Oct 19 Last Checked: Oct 23 at 4:20AM

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Investment Insights

Based on property information with market context.

This development opportunity consists of approximately 0.5944 acres across five lots, specifically 4019 Shelby St, and 4019, 4033, and 4035 Weaver Ave. The site benefits from roughly 200 feet of frontage along Shelby Street and Weaver Avenue, with a lot depth of 135 feet extending to the alley. Zoned C-3, the location features a signalized light at the intersection of Shelby Street and Hanna Avenue. Traffic counts indicate 16,950 ADT at Shelby Street and Hanna Avenue, and 14,931 ADT on Shelby Street just south of the site.

Key Highlights

• Development opportunity adjacent to the University of Indianapolis.
• ± 0.5944 acres across 5 lots.
• Zoned C‑3.

Property Analytics

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Suggested Use

Top Pick Real Estate Agency Electrical Service Skin Care Clinic Carpet & Flooring Store Bakery Plumbing Service

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

547

Businesses Nearby

Explore this area Business Placement

Demographics for 46227, IN

62,126

Population

26,411

Households

2.4

Avg Household Size

33

Median Age

21%

College-Educated

83%

High-School Grad

16.7 sq mi

ZIP Area

3,720

Density / Sq Mi

$50,993

Median Household Income

$35,591

Median Earnings

$994

Median Rent

$192,600

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - Development opportunity near the University of Indianapolis.

Where is this commercial land located?

The property is located at 4019 Shelby St Indianapolis, IN.

What are key features of this property?

This property features: Development opportunity adjacent to the University of Indianapolis.; ± 0.5944 acres across 5 lots.; Zoned C‑3.