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    5640 Emerson Ave Indianapolis, IN 46237

    For Sale
    $475,000

    1.74 Acres, C1 Zoning, Great Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.74-acre commercial land parcel presents a remarkable development opportunity in Indianapolis, Indiana. Located at 5640 S Emerson Ave, this property boasts a highly desirable C1 zoning designation, making it ideally suited for a variety of professional and medical office uses. The expansive lot offers significant frontage on Emerson Avenue, ensuring high visibility and accessibility for any future development. With its convenient location, the property benefits from close proximity to major transportation arteries, including Interstates 65 and 465, providing easy access for employees and clients. The property's address is 5640 S Emerson Ave, Indianapolis, IN 46237, and its parcel number is 49-15-04-133-006.000-500. This is a rare chance to acquire a strategically positioned commercial lot in a thriving area of Indianapolis. The asking price for this exceptional opportunity is $475,000. Don't miss this chance to secure a prime piece of Indianapolis real estate. The property is zoned for commercial use and offers significant potential for a variety of development projects. Its location near major highways ensures excellent connectivity and accessibility.

    Property Features for 5640 Emerson Ave

    General Information

    Property type
    Land
    Lot Size
    75,794 SF

    HighLights

    • ± 1.74‑acre commercial development land parcel in Indianapolis, IN.
    • C1 zoning, ideal for medical/professional office use.
    • High visibility Emerson Avenue frontage.
    • Excellent access to I‑65 and I‑465.
    • Asking price: $475,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.0832517
    Latitude
    39.6852335

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    FAQs

    What type of property is this?
    Land - 1.74 Acres, C1 Zoning, Great Location
    Where is this land located?
    The property is located at 5640 Emerson Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: ± 1.74-acre commercial development land parcel in Indianapolis, IN.; C1 zoning, ideal for medical/professional office use.; High visibility Emerson Avenue frontage.
    (317) 371-0128
    Request Owner's contact information
    5640 Emerson Ave Indianapolis, IN 46237
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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
    5640 Emerson Ave Indianapolis, IN 46237
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