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    2916 Main St Indianapolis, IN 46231

    Sponsored
    For Sale
    $899,999

    1.46 Acres, High Visibility, Main Street

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1.46-acre commercial land parcel is ideally situated on East Main Street (SR 40) in Indianapolis, Indiana, offering exceptional visibility with approximately 115 linear feet of frontage on SR 40 and 250 linear feet on Station Boulevard. The property boasts a prime location within a rapidly developing area, featuring new road infrastructure and significant ongoing construction. Its strategic position provides easy access to major transportation arteries, including Ronald Reagan Parkway – Hendricks County's main north-south corridor – and is conveniently located just 10 minutes from the Indianapolis International Airport. The property is zoned for General Commercial use, allowing for a wide range of development possibilities, including entertainment venues, retail spaces, offices, medical facilities, and commercial residential projects. This exceptional opportunity presents a unique chance to capitalize on the growth and high visibility of this thriving area. The asking price is $899,999. The property is located in Hendricks County, Indiana, with a zip code of 46231.

    Property Features for 2916 Main St

    General Information

    Property type
    Land
    Lot Size
    63,598 SF

    HighLights

    • High‑traffic location with excellent street visibility.
    • Strong population growth and expanding market.
    • Suitable for a wide range of commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Billz Paint House Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Building Supply Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Food Market Storage Facility Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.3453615
    Latitude
    39.7227149

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    FAQs

    What type of property is this?
    Land - 1.46 Acres, High Visibility, Main Street
    Where is this land located?
    The property is located at 2916 Main St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $899,999.
    What are key features of this property?
    This property features: High-traffic location with excellent street visibility.; Strong population growth and expanding market.; Suitable for a wide range of commercial uses.
    (317) 281-2514
    Request Owner's contact information
    2916 Main St Indianapolis, IN 46231
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    Indianapolis, IN 46231
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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
    2916 Main St Indianapolis, IN 46231
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