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    7676 38Th St Indianapolis, IN 46226

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    5.4 Acres, SU1 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.43-acre parcel at 7676 E. 38th St, Indianapolis, IN 46226 presents a remarkable development opportunity. Zoned SU1, this property boasts a highly desirable location, offering excellent visibility and accessibility due to its proximity to I-465 and E. 38th Street. The land's previous use as a church provides a unique history and potential for adaptive reuse, while its expansive size allows for a wide range of development possibilities, including residential, commercial, or mixed-use projects. Situated in Marion County, this property is ideally positioned within a thriving Indianapolis market, presenting a lucrative investment opportunity for developers seeking a prime location with significant potential for growth and return. The strategic location and favorable zoning regulations make this a rare find in the current competitive real estate landscape. This blank canvas awaits your vision, offering the chance to contribute to the ongoing development of this vibrant community. Detailed zoning information and site plans are available upon request.

    Property Features for 7676 38Th St

    General Information

    Property type
    Land

    HighLights

    • 5.4‑acre land parcel in Indianapolis, IN.
    • Located at 7676 E 38th St, Indianapolis, IN 46226.
    • Zoned SU1.
    • Former church property.
    • Excellent location near I‑465 and E 38th Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Citadel-Faith Church-God In Christian Church I M P ... Association Or Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.033369879908
    Latitude
    39.826133124678

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    FAQs

    What type of property is this?
    Land - 5.4 Acres, SU1 Zoning, High Visibility
    Where is this land located?
    The property is located at 7676 38Th St Indianapolis, IN.
    What are key features of this property?
    This property features: 5.4-acre land parcel in Indianapolis, IN.; Located at 7676 E 38th St, Indianapolis, IN 46226.; Zoned SU1.
    Request Owner's contact information
    7676 38Th St Indianapolis, IN 46226
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    Indianapolis, IN 46226
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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
    7676 38Th St Indianapolis, IN 46226
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