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Commercial Land Near University
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514 E Hanna Ave, Indianapolis, IN 46227

2.39 acres of commercial land for sale.

Property SizeContact for details
Lot Size2.39 Acres
Days on Market1749

Property Features for 514 E Hanna Ave

General Information

Standard status Active
Lot size 2.39 Acres
Property subtype Land
Zoning C4, C5 & D4

Site & Location

Neighborhood North Perry
Listing Agency: Colliers - Indianapolis, Indiana
Listed By: Stephen Daum · License #RB14022972
Source: Crexi
Added: Jan 14, 2022 Changed: Oct 26 Last Checked: Oct 28 at 7:56AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Indianapolis, Indiana

Rey
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Investment Insights

Based on property information with market context.

This property features approximately 2.39 acres of land available for sale. It has frontage on East Street and Hanna Avenue. The zoning includes C4 and C5 (Commercial) as well as D4 (Residential). The location is at a signalized intersection, in close proximity to the University of Indianapolis, which has over 5,000 students. The property is adjacent to Kroger and the Southern Plaza Shopping Center. The average daily traffic count along South East Street is 38,080 vehicles per day.

Key Highlights

  • Located at a signalized intersection with high traffic count (38,080 vehicles/day).
  • Close proximity to the University of Indianapolis (over 5,000 students).
  • Adjacent to Kroger & Southern Plaza Shopping Center.

Property Analytics

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Open Analytics

Suggested Use

Top Pick Electrical Service HVAC Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Cafe & Coffee Shop Garden Center

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

655
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - 2.39 acres of commercial land for sale.
Where is this commercial land located?
The property is located at 514 E Hanna Ave Indianapolis, IN.
What are key features of this property?
This property features: Located at a signalized intersection with **high traffic count (38,080 vehicles/day)**.; Close proximity to the **University of Indianapolis (over 5,000 students)**.; Adjacent to Kroger & Southern Plaza Shopping Center.
(317) 713-2144 Call to check price and availability
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